Community Bankers of Iowa Monthly Banker Update April 2014 | Page 19

(Rural Mainstreet continued from previous page)
“Strong (farm) profits over the past few years and excellent
working capital positions (of farmers) limit operating loan
demand from existing customers.”
Furthermore, Grove indicates that his bank has plenty of liquidity
but demand is soft and 2014 projections show tighter cash flows
for farmers.
Hiring: Rural Mainstreet businesses continue to hire at a solid
pace. The March hiring index advanced to 60.0 from 54.3 in
February. “While the farm economy slows, businesses on Rural
Mainstreet continue to expand their payrolls,” said Goss.
Confidence: The confidence index, which reflects expectations
for the economy six months o