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Report: Nebraskans’ Income Falls In 2014 From Year Before

OMAHA, Neb. (AP) — A recent report from the Federal Reserve Bank of Kansas City shows lower crop prices in 2014 hurt the wallets of Nebraska residents.

The report states Nebraska was the only state in the country where per capita personal income fell last year. In the neighboring states of Iowa and South Dakota, per capita income increased less than 1 percent in 2014.
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The Omaha World-Herald ( ) reports that the national average increase was 3.9 percent.

The report shows 2014 farm earnings in Nebraska decreased nearly 35 percent from 2013 levels. It adds that demand for farm loans is expected to rise partly due to lower farm income.

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Information from: Omaha World-Herald,