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News Filed Under Agricultural Economics

An artist representation of the top 5 agricultural commodities in Mississippi with a drawing of a large white chicken dominating the image.
December 19, 2017 - Filed Under: Agricultural Economics, Crops

STARKVILLE, Miss. -- Agriculture continues to do its part to boost Mississippi’s economy as it remains a $7 billion industry in 2017.

Agricultural economists with the Mississippi State University Extension Service released year-end estimates Dec. 19 on the value of state crops. The top two agricultural commodities are still poultry at $2.8 billion, an increase of 13 percent, and forestry at $1.4 billion, a decline of 8 percent.

“Early expectations are for good reports in most commodities for 2017,” said Brian Williams, Extension agricultural economist. “Poultry, overall crops and livestock totals should all improve over the 2016 values. The exceptions are forestry, catfish and some individual commodities.”

Scores of chickens are seen inside a poultry house.
December 19, 2017 - Filed Under: Agricultural Economics, Poultry

STARKVILLE, Miss. -- The poultry industry is the giant in the state’s agricultural economy, as its estimated 2017 production value of $2.8 billion nearly doubles the value of forestry.

Early figures from the Mississippi State University Extension Service show the industry grew at an estimated 13.4 percent from the 2016 value. Brian Williams, Extension agricultural economist, said higher broiler prices are responsible for the value increase.

Picked cotton sits in large green and red bales.
December 19, 2017 - Filed Under: Agricultural Economics, Corn, Cotton, Rice, Soybeans

STARKVILLE, Miss. -- The 2017 production value of Mississippi’s four largest row crops is forecasted to outperform the previous year by more than 7 percent.

Brian Williams, agricultural economist with the Mississippi State University Extension Service, predicted the combined value of soybeans, cotton, corn and rice will be nearly $2.1 billion this year. The total projected value for all agronomic crops is $2.5 billion, which would be a 6.4 percent increase over the $2.4 billion value reached in 2016.

December 19, 2017 - Filed Under: Agricultural Economics

STARKVILLE, Miss. -- The Mississippi State University Extension Service will host a workshop designed to deliver food science, economics and business expertise to producers.

Anyone who operates or is interested in operating a farm or any other agriculture-based food business can attend the Food as a Business for Producers workshop in the Bost Conference Center auditorium at Mississippi State University in Starkville on Jan. 24, 2018.

December 11, 2017 - Filed Under: Agricultural Economics

STARKVILLE, Miss.—J. Christopher “Chris” Giancarlo, chairman of the U.S. Commodity Futures Trading Commission, is visiting Mississippi State University this week to learn more about the land-grant university’s expertise in agricultural fields and interact with MSU students.

Charlie Thornton, legislative affairs director for the Commodity Futures Trading Commission, is joining Giancarlo on the trip. The visitors spent part of the week touring agricultural facilities, including MSU’s Delta Research and Extension Center in the Mississippi Delta, before coming to Starkville Tuesday [Dec. 5] and meeting with MSU President Mark E. Keenum and other university leaders.

November 6, 2017 - Filed Under: Agricultural Economics, Environment

The Mississippi State University Extension Service invites producers interested in protecting natural resources on their land to attend an upcoming conservation landowner workshop.

A green combine rolls through a peanut field. In the foreground, peanuts waiting to be harvested rest on the ground.
November 3, 2017 - Filed Under: Agricultural Economics, Peanuts

Growers managed major disease problems in the peanut crop this year to produce high yields and good profits.

Photo shows mature, dried soybean pods hanging against a brown, natural background.
September 29, 2017 - Filed Under: Agricultural Economics, Soybeans

Official numbers show Mississippi’s soybean crop is ahead of schedule and in good shape, but many fields have actually spent a wet month waiting for harvest.

Trent Irby, Mississippi State University Extension Service soybean specialist, said this delay -- caused by frequent, heavy rains -- impacted a portion of the state’s crop.

Close up of a head of grain sorghum full of tiny brown seeds, along with other plant heads in the field around it.
September 22, 2017 - Filed Under: Agricultural Economics, Grains

STARKVILLE, Miss. -- Mississippi’s grain sorghum acreage is at an historic low, and market prices are not much better, but yields should be good.

Erick Larson, grain crops specialist with the Mississippi State University Extension Service, said that when market incentives went away after 2015, so did farmers’ desire to plant grain sorghum, also known as milo. State growers may have planted 10,000 acres this year, the fewest since record keeping began in 1929.

A closed boll is seen on a cotton plant growing in a field.
September 15, 2017 - Filed Under: Agricultural Economics, Cotton

STARKVILLE, Miss. -- Rain, cool weather, more rain and some wind have slowed cotton maturation, but since the crop was a little behind schedule, the damage may be less than if harvest were already underway.

Darrin Dodds, cotton specialist with the Mississippi State University Extension Service, said recent weather is causing some yield loss, but it is hard to estimate how much.

“Being late to a degree helped the crop because rain did not string out open cotton, but given that we are running out of heat, we may have been better off with an earlier crop that had been defoliated and was standing up when the rain came,” Dodds said.

Two black cows in pasture
September 8, 2017 - Filed Under: Agricultural Economics, Beef

The first shipment of U.S. beef to China in more than 13 years reached its destination in June, and Mississippi cattle producers are beginning to see modest rewards of new market access.

Current cattle prices in Mississippi are up from a year ago. Lightweight cattle are $1.67 per pound, while heavyweight feeder cattle are around $1.35 per pound. A year ago, lightweight cattle were $1.55 per pound, and heavyweight cattle were in the range of $1.17 per pound.

“The cattle market has exhibited strong demand through most of 2017 despite the increased supply of cattle in the U.S.,” said Josh Maples, an agricultural economist with the Mississippi State University Extension Service. “Prices have generally decreased over the past month, which is due to a combination of seasonal factors and the increased supply.”

Harvesting corn at Simmons Planting Co. in Arcola, Mississippi, on Aug. 22, 2017. (Photo by MSU Extension Service/Kevin Hudson)
September 1, 2017 - Filed Under: Agricultural Economics, Corn

STARKVILLE, Miss. -- Mississippi producers are optimistic that the remnants of Hurricane Harvey that moved through the state in late August were not enough to stop corn harvests from reaching a new record.

As of Aug. 27, the U.S. Department of Agriculture estimated 51 percent of the corn crop was harvested. Growers had a few more days to tackle remaining acres before rains came through the state. USDA estimated that 78 percent of the crop was in good or excellent shape.

Erick Larson, grain specialist with the Mississippi State University Extension Service, said many early yields exceeded 200 bushels an acre, with dryland acreage producing at almost the same rate as irrigated acres. The state’s record average yield was 185 bushels set in 2014.

April 18, 2017 - Filed Under: Agriculture, Agri-business, Agricultural Economics

GREENWOOD, Miss. -- Farmers can learn a variety of useful information about tomatoes and cucumbers during a May 19 Alliance for Sustainable Agricultural Production field day.

Hosted at Levee Run Farm in Greenwood, the event will cover composting and trellising these crops, as well as ways to control insects and disease. Attendees also will learn about the family farm’s vegetables, flowers, fruit trees, high tunnels and pastured poultry.

February 22, 2017 - Filed Under: Agricultural Economics

STONEVILLE, Miss. -- A Mississippi State University agricultural economist, who has spent his career helping farmers develop management plans, recently earned a lifetime achievement award from his professional organization.

Lawrence Falconer received the Southern Agricultural Economics Association Lifetime Achievement Award, the organization's highest award for significant and enduring contributions to the agricultural economics profession, at its annual meeting in Mobile on Feb. 7.

January 27, 2017 - Filed Under: Agriculture, Farming, Agricultural Economics, Livestock

STARKVILLE, Miss. -- Mississippi livestock producers have a new resource for research-based information to help them manage their businesses.

Josh Maples has joined the faculty of the Mississippi State University Department of Agricultural Economics as an assistant professor with Extension responsibilities in livestock marketing and agribusiness. Maples, a native of Alabama, received his bachelor's and master's degrees in agricultural economics from MSU and a doctorate from Oklahoma State University.

Chicks and Forest
December 15, 2016 - Filed Under: Agricultural Economics, Poultry, Forestry

STARKVILLE, Miss. -- Poultry remains Mississippi's top agricultural commodity with an estimated value of $2.9 billion, and it shows no signs of slowing down in 2017.

Forestry comes in a distant second with total farm-gate value of $1.4 billion, according to 2016 estimates.

Mississippi State University Extension Service economists just released their estimates for the state's agricultural commodity values in 2016. The top commodities remain poultry and forestry. Soybeans remain in the third spot, dropping 1.7 percent to just over $1 billion.

December 15, 2016 - Filed Under: Farming, Agricultural Economics

STARKVILLE, Miss. -- A farm crisis may have silently begun in the United States, an agricultural economist with the Mississippi State University Extension Service concluded after careful consideration of commodity prices and farm costs.

"2013 was the last year of relatively high commodity prices. At that same time, during the run-up of commodity prices from the mid-2000s to 2013, input costs went up," said Bryon Parman, Extension agricultural economist. "Now, commodity prices have come down, but input costs have not come down nearly as fast."

August 29, 2016 - Filed Under: Agricultural Economics

STARKVILLE, Miss.—A national and international expert on agricultural risk management and crop insurance has been named head of Mississippi State’s Department of Agricultural Economics.

-More-

Mississippi State University plant and soil sciences associate professor Guihong Bi, right, shows tomatoes being grown at a Shandong Shouguang Vegetable Industry Group greenhouse to MSU Extension agents, from left, Emily Carter, Lanette Crocker and Lisa Stewart on June 20, 2016. (Photo by MSU Extension Service/Nathan Gregory)
June 28, 2016 - Filed Under: Agriculture, Farming, Agricultural Economics

BEIJING, China -- Expanding Mississippi agriculture requires getting to know potential markets, and a group of Mississippi State University Extension agents is seeing one of the largest in the world firsthand.

June 29, 2015 - Filed Under: Farming, Agricultural Economics

GOODMAN, Miss. -- Farmers and producers can learn about the relationship between risk management and insurance during a July 17 field day at the Alliance for Sustainable Agricultural Production Farm near Goodman.

Participants also will receive training in legal and contractual issues. The National Center for Appropriate Technology Gulf States Office and the University of Mississippi Transactional Law Clinic will team up to deliver these sessions.

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