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Table 1: Rural Mainstreet Economy Last 2 Months & One Year Ago: (index > 50 indicates expansion)Jan. - 20Dec. - 20Jan. -21Area economic index55.951.652.0Loan volume48.543.833.9Checking deposits76.578.188.0Certificates of deposit and savings instruments60.342.246.0Farmland prices45.654.856.3Farm equipment sales35.050.154.5Home sales59.171.060.0Hiring 61.850.046.0Retail business45.640.642.0Confidence index (area economy six months out)50.062.960.0Table 2: Top 2021 concerns for economy (6 = most important, 1=not important) Average score1. Excessive inflation & higher long-term interest rate4.12. A double-dip recession (W-shaped recover)4.03. Trade restrictions and/or higher tariffs3.64. Higher loan defaults and bankruptcies3.45. Rising federal taxes 3.06. Higher and more restrictive regulations2.8Source: Creighton’s January 2021 Rural Mainstreet SurveyTable 3: Top 2021 concerns for your bank economy Percent reportingJan. 2020Jan. 2021Low loan demand7%44%Competition from Farm Credit5%24%Rising regulatory costs29%16%Rising loan defaults32%4%Falling farmland values7%0%Other20%12%Source: Creighton’s January 2021 Rural Mainstreet SurveyFollow Ernie Goss on Twitter erniegoss For historical data and forecasts, visit our website: ongoing commentary on recent economic developments, visit our blog at: ................
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