(Des Moines) The latest Mainstreet economic survey of bankers in Midwest states, including Iowa, shows a little “dip” in the numbers, but Creighton University Economist Ernie Goss says conditions are still pretty healthy. He says bankers surveyed don’t even seem to be too worried about continuation of the drought on agriculture this year.
“We are still seeing pretty good purchases of agricultural equipment, we are still seeing farmland prices grow and in my judgment a bit faster than what the economy is growing at in these agricultural dependent areas,” stated Goss.
Goss notes, the increasing payroll tax might show up in next month’s report, as putting downward pressure on consumer spending.
Iowa Radio Network
January 18, 2013