Community Bankers of Iowa Monthly Banker Update July 2014 | Page 14

(Rural Mainstreet continued from previous page)
55.8. The state’s farmland-price index for June advanced to
57.8 from May’s 44.1. Iowa’s new-hiring index for June soared
to 73.9 from May’s 61.1.
Kansas: The Kansas RMI for June slipped to 54.4 from May’s
56.3. The farmland-price index for June increased to 54.7 from
May’s 52.2. The state’s new-hiring index fell to a healthy 67.3
from 67.5 in May.
Minnesota: The RMI for Minnesota dipped to 54.3 from May’s
56.4. Minnesota’s farmland-price index for June declined
to 53.6 from 55.2 in May. The new-hiring index for the state
decreased to 69.1 from May’s 69.9.

bankers reported positive fallout from bad weather. Donald
Schmaderer, president of Tri-County Bank in Stuart, said,
“There is a significant amount of wind and hail damage across
parts of north-central and northeast Nebraska.” Larry Rogers,
executive vice-president of First Bank of Utica, said, “Severe
storms have created employment opportunities for replacing
pivots, shingling houses, and construction jobs. Small housing
contractors are booked for some time ahead.”
North Dakota: The North Dakota RMI for June dipped to 56.6
from May’s 57.8. The farmland-price index fell to 61.1 from
May’s 71.8. North Dakota’s new-hiring index expanded to 84.4
from May’s 83.2.

Missouri: The June RMI for Missouri sank to 55.9 from May’s
57.2. The farmland-price index for June fell to 57.8 from May’s
68.4. Missouri’s new-hiring index declined to a still healthy 62.3
from May’s 80.5.

South Dakota: The June RMI for South Dakota expanded
to 56.2 from May’s 55.7. The farmland-price index for June
increased to 46.4 from last month’s 41.9. South Dakota’s newhiring index advanced to 60.6 from 59.3 in May. David Callies,
CEO of Miner County Bank in Howard, reported, “Excellent
moisture, but big concern for low crop prices.”

Nebraska: The Nebraska RMI for June fell to 53.7 from May’s
Iowa
55.3. The state’s farmland-priceTIB ad-April advanced
index for June
to a weak 41.3 from 37.1 in May. Nebraska’s new-hiring
1/3 pg square, color
index climbed to a solid 56.5 from May’s 55.4. Several

Wyoming: The June RMI for Wyoming sank to 54.2 from
May’s 56.0. The June farmland and ranchland-price index
declined to 47.0 from May’s 47.4. Wyoming’s new-hiring index
for June fell to 60.8 from May’s 63.8.

Trusted.

14

CBI BANKER UPDATE | JULY 2014

Partner.