News Filed Under Agricultural Economics
MISSISSIPPI STATE – Soybeans remained the state’s most valuable row crop in 2010, bringing an estimated $821 million to growers, a 16 percent increase over the previous year.
The increase came despite a somewhat late start and a very hot, dry summer. The Mississippi Agricultural Statistics Service estimates 1.95 million acres of soybeans were harvested, yielding a state average of 39 bushels per acre. The average market year price is estimated to be $11.45 a bushel.
MISSISSIPPI STATE -- Mississippi farmers are finding out not only what a difference a year makes, but also what a difference a decade makes.
Agricultural economists with Mississippi State University’s Extension Service predict a record $6.9 billion production value for the state’s farm enterprises. The figure represents a 19 percent increase, or $1.09 billion, from 2009’s disastrous bottom line. After adjusting for inflation of agricultural prices, it is 45 percent, or $1.55 billion, better than in the year 2000. The previous record of $6.4 billion was set in 2005.
MISSISSIPPI STATE -- A Dec. 9 workshop at Mississippi State University will delve into the increasingly important world of risk management in agriculture.
The event is free to those who preregister and $20 per person for those who register at the door. The event will be held from 9 a.m. to 3 p.m. in MSU’s Bost Conference Center and is being coordinated by John Michael Riley, MSU Extension Service agricultural economist.
By Karen Templeton
MSU Ag Communications
MISSISSIPPI STATE – Mississippi’s specialty businesses are finding a quick and easy virtual connection to consumers through a newly expanded computer mapping tool.
MISSISSIPPI STATE – Intense summer heat did a number on the state’s major row crops, and the crops that did best were those planted early and irrigated.
Cotton and soybeans appear to have come through the year in the best shape, but corn and rice look better than expected.
MISSISSIPPI STATE -- Hurricane Katrina hit Mississippi’s horticulture hard, but the current economic conditions could be even more devastating to this important green industry.
Mengmeng Gu, assistant professor of ornamental horticulture for Mississippi State University’s Extension Service, said nurseries and greenhouse businesses are experiencing different challenges.
MISSISSIPPI STATE – A passion for the environment is drawing students to a recently redesigned economics-based degree program at Mississippi State University.
The Environmental Economics and Management degree combines courses in environmental economics, natural resource economics, environmental policy, ecology and environmental law. The EEM major was formerly an environmental and resource economics concentration under the umbrella degree Agricultural, Food and Resource Economics.
MISSISSIPPI STATE -- Today’s economy means people are eating out and purchasing meat products less often, but cattle and hog producers have learned to make the most of tough times.
Livestock producers reduce their cattle herd sizes and hog numbers to reduce the amount of meat on the market and bolster the product prices, which remain at the mercy of the economy.
John Michael Riley, a Mississippi State University Extension Service agricultural economist, said producers work hard to keep their product affordable when money is tight.
STONEVILLE – Mississippi’s 2010 rice crop is ahead of schedule and looking good, even after strong storms swept through the state in April.
Nathan Buehring, rice specialist at Mississippi State University’s Delta Research and Extension Center, said growers had about 75 percent of the crop planted by the end of April. In the last two years, the majority of the planting took place well into May.
MISSISSIPPI STATE -- Two one-day workshops will provide the tools for farmers and landowners to start and manage a natural resource enterprise.
Fee fishing, fee hunting, agritourism, and wildlife watching are examples of enterprises based on the natural resources commonly found on Mississippi’s private lands.
MISSISSIPPI STATE –Agricultural economists are forecasting increases in government payments and in the value of only one of Mississippi’s 2009 crops -- hay.
MISSISSIPPI STATE -- With banks in financial trouble and the stock market still dropping, farmers preparing to secure financing for next year's crops should expect an uphill battle.
David Schweikhardt, a professor of domestic policy and international trade issues in the Department of Agricultural, Food and Resource Economics at Michigan State University, said producers are paying off their production loans in the fall and will get new ones in the spring.
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.