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Economics

The Nebraska Farm Bureau says the state potentially faces nearly $3.7 billion in agricultural losses from the coronavirus pandemic if economic conditions do not improve. The Lincoln Journal Star reports the estimate Wednesday projects revenue losses for this year’s commodities. It does not account for any financial assistance farmers and ranchers receive from COVID-19 relief programs.

OMAHA, Neb. (AP) — A new survey of bankers suggests the economy is growing in rural parts of 10 Plains and Western states. The survey released Thursday showed that the overall index for rural parts of the region improved to 55.9 in January from December's 50.2. Any score above 50 suggests a growing economy. Creighton University economist Ernie Goss says hiring remains strong across the region. Bankers from Colorado, Illinois, Iowa, Kansas, Minnesota, Missouri, Nebraska, North Dakota, South Dakota and Wyoming were surveyed.

OMAHA, Neb. (AP) — Bankers in rural parts of 10 Plains and Western states expect slow growth in the months ahead, but the ongoing trade war between the U.S. and China is weighing on the economy.

The Rural Mainstreet survey's overall index climbed into positive territory at 50.1 in September from August's 46.5. Any score above 50 suggests a growing economy, while a score below 50 indicates a shrinking economy.

OMAHA, Neb. (AP) — A new report says an August survey of business supply managers suggests slow or no economic growth over the next several months in nine Midwest and Plains states.

The report issued Tuesday says the Mid-America Business Conditions index dropped below growth neutral in August, hitting 49.3 compared with 52.0 in July. The index had remained above growth neutral for 32 straight months.

On Wednesday, the Creighton Institute for Economic Inquiry will host a lecture by Father Robert Sirico.

Gas Prices on the Rise

Mar 7, 2012

Motorists may have noticed a recent increase in gas prices in the metro area. 

John Deskins, Associate Professor of Economics at Creighton University, says there’s no need to worry.  Though he does anticipate gas prices will rise in April, May and June as they usually do when summer approaches, he expects the prices will also decrease by fall.  

According to Deskins, it is difficult to pinpoint one specific reason for the recent run up in gas prices.