• Home
  • News
    • Politics & Government
    • Business & Economy
    • Crime / Courts
    • Health / Medicine
  • Sports
    • High School Sports
    • Radio Iowa Poll
  • Affiliates
    • Affiliate Support Page
  • Contact Us
    • Reporters

Radio Iowa

Iowa's Radio News Network

You are here: Home / Agriculture / Creighton economist sees economic hit to Iowa with slowing ag equipment sales

Creighton economist sees economic hit to Iowa with slowing ag equipment sales

October 2, 2012 By Matt Kelley

Iowa is among three “shining stars” in the Midwest, according to the latest monthly economic survey of business leaders and supply managers in nine states. Creighton University economist Ernie Goss says Iowa, North Dakota and Oklahoma are all energy-producing states and their economies are prospering.

Goss predicts Iowa and some of the other farm states in the region may soon take a big hit. “Agricultural equipment sales are still doing reasonably well but I don’t see that can hold up,” Goss says. “That’s going to come down and punch some of the growth we’re now seeing in South Dakota, Nebraska and Iowa, pulling that down, Kansas down as well.”

Goss says there is some weakness in non-durable goods like food production while biofuels and ethanol production are not holding up. “The 2012 drought has yet to put a dent in business activity for agriculture equipment manufacturers in Iowa, but has negatively influenced retail sales,” Goss says.

Share this:

  • Facebook
  • Twitter

Filed Under: Agriculture, Business, News

Featured Stories

Final employee who was there at the launch of the Iowa Lottery to retire

No more USPS mail in Iowa prisons; inmates to get copies of mail

State officials warn of influx of fake prescription drugs laced with fentanyl

‘Brain-eating amoeba’ discovered in Taylor County lake

Cedar Rapids therapist’s relationship with student leads to years in prison

TwitterFacebook
Tweets by RadioIowa

UNI’s Spencer Cuvelier bounces back from injury

Hutchinson calls Iowa State a perfect fit

Northern Iowa’s Farley touts new practice facility

First minor league game gets things started tonight at Field of Dreams site

Knoxville set to host sprint car racing’s biggest event

More Sports

eNews and Updates

Enter your email address:

Delivered by FeedBurner

Archives

Copyright © 2022 ยท Learfield News & Ag, LLC