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Posted July 20, 2023
Creighton University released its Rural Mainstreet Index (RMI) report for July suggesting the two-state region experienced similar drops in the month.
The Kansas RMI for July decreased to 55.2 from June’s 55.3.
KS farmland-price index climbed to 63.4 from 57.4 in June. The new-hiring index for July also improved in Kansas to 58.3 from 54.7 in June. Kansas’ average unadjusted private hourly wages expanded by 2.3 percent in 12 months, while average inflation-adjusted wages decreased by 0.3 percent.
Missouri’s July RMI dropped to 42.7 from 44.5 in June.
Farmland-price index increased to 59.9 from 54.4 in June. The state’s new hiring gauge improved to 53.9 from 50.9 in June. The average unadjusted private hourly wages expanded by 8.0 percent over the past 12 months, and the average inflation-adjusted wages also improved by 5.6 percent during this same time period.
The overall RMI for the 10-state region slipped for July, from to 55.6 from June’s 56.9
“After negative growth during the first quarter of this year, the Rural Mainstreet economy experienced positive but slow economic growth for the second quarter and has now started the third quarter on a healthy note,” Ernie Goss, Ph.D. at Creighton University said.
