News Filed Under Agricultural Economics
TUNICA -- The nation’s farmers and agricultural landowners have some important decisions to make in the next six months.
Krysta Harden, deputy secretary for the U.S. Department of Agriculture, met with farmers and others at the Tunica Museum on Sept. 29 to answer questions about programs available in the new farm bill.
While the delay in passage of the farm bill created some deadline challenges, Harden said USDA is working with the Extension Service in each state to help farmers and landowners understand the process, which is managed through the Farm Service Agency.
MISSISSIPPI STATE -- Who knew Mississippi corn growers should worry about bears?
The bears are not in the fields eating the crop; they are in the market, eating the profits. When economists refer to a bear market, they are talking about declining stock prices over a prolonged period, usually a 20 percent or larger decline.
Brian Williams, agricultural economist with the Mississippi State University Extension Service, said several factors have pushed corn prices down in recent weeks.
MISSISSIPPI STATE -- Mississippi producers planted more of the state’s major row crops than they planned in March, and the majority of them are in good condition.
Every winter, Mississippi producers estimate how many acres they will plant of each crop they intend to grow. The U.S. Department of Agriculture tabulates these in March and issues the planting intentions report. On June 30, USDA released actual planted acre figures for the state.
MISSISSIPPI STATE -- Mississippi State University scientists analyzed risk-management programs in the Agricultural Act of 2014 and have a recommendation to help soybean producers make informed decisions.
In the new farm bill, soybean producers must decide which of two types of coverage -- Agricultural Risk Coverage or Price Loss Coverage -- will best protect their profit margins.
JACKSON -- Most peanut growers are on schedule despite the cool, wet weather that hit Mississippi at the beginning of May.
“We are in pretty good shape all over the state,” said Jason Sarver, peanut specialist with the Mississippi State University Extension Service and Mississippi Agricultural and Forestry Experiment Station. “The cool, wet spell we had set some folks back, but only by a week or so. Depending on this summer’s conditions, their harvest might be pushed a little later, but nothing extreme.”
MISSISSIPPI STATE – The poultry industry is riding a wave of success, propelling it from a strong 2013 into another year with promises of favorable market prices and lower production costs.
John Michael Riley, an agricultural economist with the Mississippi State University Extension Service, said several issues will influence poultry profits in 2014.
MISSISSIPPI STATE – Memories of last year’s bumper crops have Mississippi farmers eager for fields to dry out so they can plant the 2014 crop.
Market potential remains the first consideration when making crop choices.
“Prices are driving growers’ planting decisions,” said Brian Williams, an agricultural economist with the Mississippi State University Extension Service. “Mississippi corn is trading about $2.50 per bushel lower than a year ago, while Mississippi soybean prices are slightly higher than a year ago.”
MISSISSIPPI STATE – In a series of workshops across the state, Mississippi State University Extension Service agricultural economists will share information about the recently signed 2014 Farm Bill.
“Introduction to the New Farm Bill” will address two topics: Title 1, Farm Programs and Title 11, Crop Insurance. The seminar is designed for crop producers, lenders, and those impacted by farm programs and crop insurance.
MISSISSIPPI STATE -- Becky Smith, director of the Mississippi State University Extension Center for Economic Education and Financial Literacy, has been an advocate for education since childhood.
“My grandfather told me, ‘Nobody can take education away from you,’ so I was determined to go as far as I could with my education,” Smith said.
MISSISSIPPI STATE – Mississippi food businesses will soon have access to customers all over the world through the expansion of MarketMaker, a database of searchable food industry-related information.
Through a new license with MarketMaker, not-for-profit company Riverside Research has exclusive rights to the database.
MISSISSIPPI STATE -- Landowners who want to earn extra income are invited to attend a Natural Resource Enterprises workshop on Feb. 4 in Rolling Fork.
Hosted by Mississippi State University, the workshop offers attendees the opportunity to learn different ways to make more money from their land. Topics include recreational businesses, marketing, cost-share programs, liability reduction and wildlife management.
MISSISSIPPI STATE -- Corn retained its No. 4 spot in Mississippi agriculture with an estimated value of $631 million, despite a 31 percent decrease in value caused mostly by reduced commodity prices.
MISSISSIPPI STATE – Poultry ranked No. 1 among Mississippi’s commodities for the 19th straight year, with a preliminary estimated value of $2.7 billion.
The total estimated value of poultry increased by about 10 percent from 2012. Broilers gained about 10 percent in value. Eggs and chickens saw a gain of 4.5 percent and 6.6 percent, respectively.
John Michael Riley, agricultural economist with Mississippi State University’s Extension Service, said the rise in values is largely attributed to higher bird prices because production is mostly steady with 2012.
MISSISSIPPI STATE -- Soybeans continued their reign in 2013 as the state’s biggest row crop, posting an estimated value of $993 million, down 21 percent from 2012.
MISSISSIPPI STATE -- Mississippi’s top two agricultural commodities -- poultry and forestry -- maintained their strength in 2013, but most agronomic crop values took a hit from significantly lower prices than those earned in 2012.
John Michael Riley, agricultural economist with the Mississippi State University Extension Service, said agronomic crop prices were a major drag in the state’s total agricultural commodity value despite good-to-great production levels.
MISSISSIPPI STATE – The cool, damp nights that are making it feel like fall in Mississippi are slowing peanut harvests way down across much of the state.
Mississippi’s peanut crop was 28 percent harvested as of the last U.S. Department of Agriculture Crop Progress and Condition Report released Sept. 30. Because of the federal government shutdown, no new figures have been released in almost two weeks. At the end of September, 48 percent of the crop was listed in good condition, with 13 percent excellent and 39 percent fair.
MISSISSIPPI STATE -- A recent graduate of Mississippi State University’s Department of Agricultural Economics has received a national award for his master’s thesis.
Francis Annan, a native of Ghana, earned the outstanding master’s thesis award at the 2013 Agricultural and Applied Economics Association meeting in Washington, D.C. in August. In February, his thesis earned top honors at the 2013 Southern Agricultural Economics Association meeting in Orlando, Fla.
MISSISSIPPI STATE -- The spring’s planting challenges and last year’s Midwest drought boosted soybean prices for a while, but the winds of change are starting to blow.
Brian Williams, agricultural economist with the Mississippi State University Extension Service, said the soybean market had been strong until mid-July. The market typically drops before harvest, but he said prices dropped a bit faster this year.
Belzoni -- Landowners who want to branch out and earn extra income can attend a Natural Resource Enterprises Business Workshop Aug. 15.
Hosted by Mississippi State University, the workshop offers attendees the opportunity to learn different ways to make more money from their land. Topics include recreational businesses, managing wildlife such as waterfowl and wild hogs, marketing, cost-share programs and reducing liability.
MISSISSIPPI STATE – A well-respected and popular professor in Mississippi State University’s Department of Agricultural Economics has received a national award for his excellence in student advising.
Randy Little is a professor in the College of Agriculture and Life Sciences who has formally guided the career paths of more than 300 undergraduate students since he began at MSU in 1990. He has informally advised more than 1,000 students during that time as students value his wisdom and seek his guidance.