News Filed Under Agricultural Economics
MISSISSIPPI STATE -- Mississippi's total value of production posted an new record of $4.9 billion, an increase of 3 percent from 1996. Casual observers might think a 3 percent change means little happened in Mississippi's 1997 farm economy.
"Several row crops had significant changes in their total value this year, but that was largely because of planted acreage changes," said Dr. John Robinson, extension agricultural economist at Mississippi State University.
MISSISSIPPI STATE -- State poultry producers saw record broiler and egg production with 1997 values up 6 percent to more than $1.43 billion.
Dr. Wallace Morgan, head of Mississippi State University's poultry department, said the state's poultry industry has grown steadily for the last 10 years. Mississippi now ranks No. 4 nationally in broiler production.
"Domestic consumption continues to increase, our exports have been growing very rapidly and Mississippi has been a favored state for growth," Morgan said.
MISSISSIPPI STATE -- The forestry industry continued its record breaking pace in the state, setting its 10th record in 11 years with 1997's estimated value of $1.22 billion.
Dr. Bob Daniels, extension forestry specialist at Mississippi State University, projected a 3 percent increase over 1996's forestry value. Pine prices and production were up, while hardwood saw a slight price increase and harvest decrease.
MISSISSIPPI STATE -- How can Mississippi cotton growers harvest a record 900 pound average and not be enthusiastic about the crop?
1997 was the first year since 1983 that Mississippi cotton growers planted less than 1 million acres, and only the third time since record keeping began in 1866. Growers had governmental incentive to reduce acres in 1983 due to abundant supplies. In 1997, the incentives not to plant cotton came from market prices.
MISSISSIPPI STATE -- Like a real roller coaster ride, 1997 left some farmers saying, "Let's go again," and others saying, "No way."
Cold, wet conditions at planting time had row-crop growers struggling to plant fields. As the conditions persisted, the young plants struggled to mature.
"Early season conditions resulted in about 30,000 acres of cotton being destroyed -- mainly in Northeast Mississippi," said Dr. Will McCarty, extension cotton specialist at Mississippi State University.
Growers planted much of the state's cotton later than ideal.
By Amy Woolfolk
MISSISSIPPI STATE -- Cattle producers struggle to interpret confusing market signals and maintain an efficient farms. Better communication between industry segments could reduce some of the confusion.
Dr. Charlie Forrest, extension marketing specialist at Mississippi State University, said market efficiency in the beef industry has fallen behind other industries.
STARKVILLE -- A second month of record high milk prices are a welcomed reprieve for embattled dairy farmers reeling from months of skyrocketing feed costs.
The record prices and somewhat lower feed costs arrived too late for more than 30 Mississippi dairies that have closed their doors since the first of the year.
Dr. Bill Herndon, extension agricultural economist at Mississippi State University, said basic formula prices reached all-time highs in August and September.
MISSISSIPPI STATE -- Another month closer to closing the books on the 1996 crops and farmers are starting to breathe easier.
The U.S. Department of Agriculture recently released the Sept. 1 crop production forecast which yielded few significant changes from the August report. The similarity in the two reports was a pleasant change from last year, when a late drought and insects sent yield estimates plummeting.
STARKVILLE -- Although farmers continue to be at the mercy of unforeseeable conditions, a recent report released on the eve of harvest season is painting an optimistic picture.
The Mississippi Agricultural Statistics Service's Aug. 1 crop production forecast is predicting larger state crops in soybeans, hay, and corn and sorghum for grain. With the exception of grain corn, yields per acre are expected to be higher in all major crops including cotton and rice.
By Douglas Wilcox
MISSISSIPPI STATE -- Caught between a rock and a hard place might best describe how Mississippi dairy producers are feeling this year. With the skyrocketing price of corn and low beef prices being offered for cull dairy cows, dairymen are facing a choice between paying higher feed prices or retiring and selling off their herds.
Dr. Tom Jones, extension agricultural economist at Mississippi State University, said last year's small corn crop is cutting into some dairy producers' profits and possibly forcing others out of business.
MISSISSIPPI STATE -- Agricultural industries dependent on corn are more than ready for harvest to begin. Unfortunately, they have a long wait ahead of them and yields still are uncertain.
Corn prices are having a dramatic impact on the poultry, catfish, beef, dairy and swine industries.
Mike McAlpin, president of the Mississippi Poultry Association, said corn prices have doubled since January. He said feed is the primary poultry cost, regardless of the price.
MISSISSIPPI STATE -- The cows may be mad in England, but in the United States, it's the cattlemen with reasons to be angry.
Dr. Charlie Forrest, extension agricultural economist at Mississippi State University, said fed cattle prices are down $6 to $8 per hundredweight from this time last year. Calf prices are down about $25 per hundredweight.
MISSISSIPPI STATE -- Mississippi farmers are plowing ahead optimistically into a new growing season as several commodities post life-of-contract highs on the market.
Many farmers still are reeling from the battles of 1995 which included tremendous insect control costs and a late summer drought.
By Bethany Waldrop Keiper
MISSISSIPPI STATE -- This year's planting intentions report yielded few surprises as producers based many acreage decisions on market prices.
Economists with the U.S. Department of Agriculture announced their 1996 crop predictions March 29. The biggest change for Mississippi is corn acreage, rising from 300,000 acres in '95 to 550,000 acres for 1996 -- an 83 percent increase.
STARKVILLE -- Cotton, rice and soybean growers have seen their August dreams turn into October nightmares as yield estimates have plunged in the wake of insects, heat and drought.
"In total economic impact, the state will not see about $900 million that cotton, rice and soybeans had the potential of making when the crops were evaluated in July," said DeWitt Caillavet, extension agricultural economist at Mississippi State University.
MISSISSIPPI STATE -- Depressed cattle prices are having a similar effect on producers. As prices reach their lowest levels since January 1987, most market watchers expect little relief until the national herd size starts decreasing around 1997.
Dr. Charlie Forrest, extension agricultural economist at Mississippi State University, said prices for the best 400 to 500 pound steers averaged in the low $70s per hundredweight during May. May 1995 prices are about 20 percent below year-ago figures.
MISSISSIPPI STATE -- Economists with the U.S. Department of Agriculture announced their crop predictions Friday in the planting intentions report, but Mother Nature and farmers will get the final word.
Dr. Alan Blaine, extension agronomist at Mississippi State University, said although there were no major surprises in the acreage estimates, actual plantings will hinge on the weather.
"Weather always influences crop acreages. Delayed plantings because of rain will force farmers to second choice crops with later planting dates," Blaine said.