News Filed Under Agricultural Economics
MISSISSIPPI STATE -- Quitman native John Michael Riley became an agricultural economist because he wanted to help solve problems producers face.
Through his involvement as a youth with 4-H, the National FFA Organization and the Mississippi Junior Cattlemen’s Association, Riley interacted with individuals dependent upon agriculture, and that interaction led to his desire to pursue his current profession.
MISSISSIPPI STATE -- New Mississippi State University Extension Service assistant professor Kim Morgan said she hopes to use her experience in consumer behavior, market research and economic analysis to find solutions relevant to agribusiness managers.
Morgan assumed her duties July 1 in the MSU Department of Agricultural Economics. She said she felt the position with the department was an excellent career choice.
MISSISSIPPI STATE -- A Jan. 11 conference will help farmers, landowners, accountants and other consultants learn about current policy issues that can impact revenue and wealth management for today’s farmers and future generations.
The Richard C. Adkerson School of Accountancy at Mississippi State University will present an Agriculture Wealth Management, Accounting and Taxation Conference in the Capps Center at the Delta Research and Extension Center in Stoneville.
MISSISSIPPI STATE-- A Mississippi State University economist has been named a Fellow of a nonprofit organization working to improve the economic health of agriculture.
Darren Hudson, an associate professor in MSU’s Department of Agricultural Economics, is a 2006 Farm Foundation Fellow. This is the program’s first year and the MSU economist is one of three named to the initial class.
Founded in 1933, the Farm Foundation’s mission includes funding and promoting research to produce practical tools for improving the well-being of people in rural America.
MISSISSIPPI STATE -- The evolving global energy market and the challenges and opportunities it presents agriculture will be the topics of the Mississippi Agricultural Economics Association annual symposium in Starkville.
The symposium will be held June 22 and 23 at Mississippi State University in the Forest Products Auditorium. The public and those representing the ag industry, business and finance are invited to attend. A $20 symposium fee covers the Friday meeting and lunch.
MISSISSIPPI STATE -- Mississippi producers may get some financial assistance from the U.S. Department of Agriculture in their continuing recovery from the devastation caused by the 2005 hurricanes.
In early May, USDA announced four crop and livestock assistance programs backed by $250 million in funds for producers affected by the destruction. The four programs are livestock indemnity, feed indemnity, hurricane indemnity and tree indemnity.
MISSISSIPPI STATE -- Agricultural policy and the state of the agricultural industry will be the topics of the Mississippi Agricultural Economics Association annual symposium in Starkville.
The 31 st annual symposium will be held June 2 and 3 at Mississippi State University in the Forest Products Auditorium. The public and those representing the ag industry, business and finance are invited to attend. A $20 symposium fee covers the Friday meeting and lunch.
MISSISSIPPI STATE -- A primary tool for managing risk of any sort is insurance, and many Mississippi farmers have found that crop insurance remains an important component of their farming operations.
The most basic kind of entry-level crop insurance is catastrophic coverage, known as CAT. This insurance provides 50 percent coverage for average yields at 55 percent of the established price. CAT coverage costs $100 per crop per county in which the producer farms.
MISSISSIPPI STATE -- The cost of fertilizer and strong market prices are inspiring Mississippi growers to increase their soybean acreage in 2004.
Robert Martin, Sharkey and Issaquena county director for Mississippi State University's Extension Service, said growers see more potential in soybeans this year than they have in past years.
MISSISSIPPI STATE -- Three agricultural agencies are bringing Mississippi farmers together in six upcoming meetings to consider issues affecting their industry in 2004.
Mississippi State University's Extension Service, the Mississippi Farm Bureau and the National Resources Conservation Service are organizing the meetings between Jan. 27 and Feb. 27. Meeting sites will be in Tunica, Grenada, Stoneville, Hattiesburg, Raymond and Starkville.
MISSISSIPPI STATE -- Farmers will remember 2002 for the wet harvest season, but economists will remember the depressed markets across the board that resulted in a 6 percent decline from the previous year's agricultural values.
Final numbers are in from the 2002 crops, and Mississippi agricultural economists are finding tallies near last December's expectations. The grand total of all the state's commodities plus government payments is $4.5 billion, down from $4.8 billion in 2001. (See Mississippi Value of Production Estimates)
MISSISSIPPI STATE -- Researchers used the value Americans and Europeans placed on a chocolate chip cookie to determine consumer attitudes towards genetically modified foods.
The research, conducted jointly by Mississippi State University and the University of Reading, England, found that Americans on average are less concerned about consuming genetically modified foods than their European counterparts.
JACKSON -- Fifty lenders and other supporters of microenterprises recently met for the founding conference of the Mississippi Micro-Enterprise Association Network, designed to help the smallest businesses establish themselves in the state.
MISSISSIPPI STATE -- Growing row crops, turf and ornamental plants is big business in the state, and supporting these industries through research and education is a high priority at Mississippi State University.
Because of Mississippi's climate and growing conditions, the state produces a wide variety of crops. Some of these, such as cotton, soybeans and rice, have a significant impact on the state's economy individually. Others crops, such as pecans, flowers and home garden vegetables, are smaller but still significant to the state when considered as a whole.
MISSISSIPPI STATE -- The changes brought by the new Farm Bill will be the subject of four informational meetings held around the state the week of June 17.
Mississippi State University's Department of Agricultural Economics, Mississippi Farm Bureau and the Mississippi Natural Resource Conservation Service are sponsoring the informational meetings. Each will run from 9:30 a.m. to 2 p.m.
MISSISSIPPI STATE -- The Mississippi Agricultural Economics Association invites those interested in learning about structural changes in an emerging food industry to their June 14 annual conference.
The meeting will be held from 8:30 a.m. to 1 p.m. in the Bost Extension Building at Mississippi State University. Registration is from 7:30 to 8:30 a.m., and the $25 cost includes lunch. Organizers encourage early registration.
MISSISSIPPI STATE -- Researchers at Mississippi State University's Agribusiness Institute are in the process of determining consumer attitudes to genetically modified foods.
Genetic modifications of food are typically done to make the item easier for the farmer to produce or to make it more desirable for the consumer because of new or enhanced traits. For example, tomatoes have been modified to stay fresh on the shelf longer, a benefit to consumers, and soybeans have been developed to be resistant to a common weed killer, a benefit to farmers.
MISSISSIPPI STATE -- Recently revised estimates indicate that last year's Mississippi farm and forest products values continued their three-year decline from 1997's high of $5 billion.
The total estimated value of Mississippi agricultural and forestry production for 2000 was $4.7 billion, according to data from the U.S. Department of Agriculture's National Agricultural Statistics Service. Instead of showing a 2000 crop value increase from the previous year as earlier predicted, the state came in 1.2 percent lower than the $4.76 billion value registered in 1999.
MISSISSIPPI STATE -- The drought of 2000 hit Mississippi's farmers hard, with conservative estimates exceeding $300 million in lost revenues and increased production costs.
Charlie Forrest, agricultural economist with Mississippi State University's Extension Service, said many of the actual losses are near impossible to calculate. The hardest hit commodities were cotton, soybeans, cattle and forestry.
By Linda Breazeale
MISSISSIPPI STATE -- Agricultural economists predict that miracles still happen. Despite a costly drought in 2000, they expect Mississippi's farm value to hold near the $5 billion level.
Charlie Forrest, agricultural economist with Mississippi State University's Extension Service, said some slightly better market prices and increased acres are helping offset the statewide economic effects of the drought. Some estimates show the impact of the drought on the state's agricultural economy to be around $311 million in lost revenue and added costs.