More than half of rural bank CEOs in 10 states, in the latest Rural Mainstreet Index, expect inflation pressure to continue.

Ernie Goss, with Nebraska’s Creighton University, conducts the survey each month and says the bankers indicate the rural economy is growing at a very strong pace.

“Agricultural commodity prices, of course, are bolstering agricultural income and that’s spilling over into the broader community where that’s the local car dealership or the local agricultural equipment dealer.”

If President Biden gets his way, Goss says inflation will be much more significant.

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