Table 1: Rural Mainstreet Economy Last Two Months and One Year Ago: (Index > 50 Indicates
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Table 1: Rural Mainstreet Economy Last Two Months and One Year Ago: (index > 50 indicates expansion) Dec. 2015 Nov. 2016 Dec. 2016 Area economic index 41.5 36.6 42.9 Loan volume 61.0 52.4 78.5 Checking deposits 64.7 67.1 57.1 Certificates of deposit and savings instruments 46.4 46.4 38.1 Farmland prices 28.8 30.8 26.8 Farm equipment sales 8.8 15.4 16.3 Home sales 55.0 58.8 46.4 Hiring 54.9 52.5 51.2 Retail business 51.2 37.8 45.1 Confidence index (area economy six months out) 39.8 39.0 43.9
Table 2: The Rural Mainstreet Economy, December 2016 Percentage of bankers reporting Down Down Little Up Up Significantly Modestly Change Modestly Significantly In terms of the percent of agriculture/ranch land sales that are bank financed, what has been the change in farmer borrowing in past 2-5 years? 2.4% 16.7% 21.4% 52.4% 7.1% Percentage of bankers reporting Down Down No Up Up 7% - 10% 1% - 6% Change 1% - 4% 4.1% - 7.0% For retailers in your area, what is your expected increase/decrease in sales from the 2015 7.1% 16.7% 28.6% holiday buying season? Holiday sales compared to last year will be: 42.9% 4.8% Percentage of bankers reporting Up significantly Up modestly Up somewhat Unchanged (Over 20%) (10% - 20%) (1% - 9%) (-0.9% - +0.9%) Down Regarding farm loan defaults in your area over the next 12 2.3% 16.7% 50.0% 31.0% months, what do you expect? 0.0%