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.
STARKVILLE, Miss. -- Producers should anticipate tighter profit margins in 2024 as agricultural commodity prices decrease and financing costs climb. However, experts expect the industry to be buoyed by its economic strength, which has grown 6% since 2021.
Mississippi’s poultry took an estimated 23% loss in value in 2023; though production was strong, a failure to meet the previous year’s record high prices was responsible for the hit. Poultry generated an estimated $3.1 billion to Mississippi agriculture in 2023, down from the $3.9 billion generated in 2022.
STARKVILLE, Miss. -- Agricultural specialists with Mississippi State University will share updates and forecasts for 2024 on the state’s largest industry during a conference in January.
Former U.S. senators, award-winning authors, and influential musicians have called Carrollton home, so it makes sense that town leaders lean on those credentials to lure visitors to the town to generate revenue.
Sledge Taylor is no stranger to cover crops —he first planted vetch on 100 acres of his Panola County farmland in 1979—but he has ramped up his cover crop usage and added other sustainable agricultural practices over the past 15 years.
Mississippi 4-H Introduces New Youth Leadership Positions
Administrators with the Mississippi State University Extension Center for 4-H Youth Development recently announced two new offices for 4-H’ers: president-elect and past president. These new positions will allow the 4-H’ers more training and opportunities, state leaders agree.