Bankers say the rural economy remains strong in 10 states

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LUXEMBURG, IA – MAY 9: Iowa farmer Ernie “George” Goebel pulls a corn planter behind his John Deere tractor while planting corn in a field on the farm he was raised on May 9, 2007 near Luxemburg, Iowa. With the increase in demand for alternative energy some farmers have elected to switch to growing corn in order to produce the profitable ethanol fuel. In the nation approximately 90 million acres of corn are expected to be planted this season. (Photo by Mark Hirsch/Getty Images)

OMAHA, Neb. — A new monthly survey of bankers in rural parts of 10 Plains and Western states shows the economy remains strong in the region, but some bankers said they are worried about how inflation will affect farmers. The overall economic index slipped from November’s 67.7 to 66.7 in December but any score above 50 suggests growth.

 The report released Thursday said high inflation is a concern as land costs and the price of supplies farmers need are expected to keep growing next year. Bankers from Colorado, Illinois, Iowa, Kansas, Minnesota, Missouri, Nebraska, North Dakota, South Dakota and Wyoming were surveyed.

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