This year’s increase in Missouri farm income is leading to an increase in farmland prices

(Jefferson City)–Economist Ernie Goss says this year’s increase in Missouri farm income is leading to an increase in farmland prices. Goss, an economics professor at Creighton University in Omaha, says rising global oil prices are also generally good news for the state’s ethanol industry.

Goss surveys rural bankers monthly as part of his Rural Mainstreet Index. His latest survey indicates the economy in Missouri and nine other states in the Great Plains and Mountain West will dip in the current 4th quarter.