Agricultural Economics

Mississippi’s producers know it takes more than growing a crop through to harvest to have a successful business. They must calculate risk, understand state and federal regulations, manage resources wisely, and be able to analyze growing amounts of data. Agricultural economists with the MSU Extension Service provide free tools farmers can use to determine break-even costs. They also keep Extension clients informed about commodity price fluctuations and offer insight into navigating the complexities of the Farm Bill.

Annual Planning Budgets

Enterprise budgets are essential tools for farm planning.  MSU Extension develops annual Planning Budgets for Mississippi which are available on the MSU Department of Agricultural Economics website.  You will find enterprise budgets for corn, cotton, soybeans, rice, grain sorghum, wheat, and forages in both pdf format and spreadsheets.

Budgets are included for irrigated and non-irrigated systems, Delta and non-Delta regions, with several different production systems for each crop.  The pdf versions include tables with details of resource and input use, monthly cash flow projections, and breakeven analysis.  The spreadsheet versions allow the user to make adjustments to the budget to adapt to different prices, input use, and production practices.