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.
Publications
News
RAYMOND, Miss. -- The favorable weather that kicked off planting season for Mississippi corn producers stayed in play throughout the growing season and is helping growers wrap up harvest. Mississippi producers planted 790,000 acres of corn, up from the 700,000 acres forecast just before farmers began planting in mid-March. The U.S. Department of Agriculture National Agricultural Statistics Service estimates 770,000 of those acres will be harvested for grain.
RAYMOND, Miss. -- In Mississippi, 230,000 residents lack access to high-speed internet and the many benefits it offers, but the Mississippi State University Extension Service is working to help change that. Devon Mills, an assistant Extension professor of agricultural economics, is leading an effort to build an inventory of all the organizations in the state working to promote digital skills and literacy. This effort, called the Mississippi Digital Asset Mapping Project, is helping spread the word about a survey to help construct that inventory.
STONEVILLE, Miss. -- Agricultural producers hoping for some relief from recent high fertilizer prices are not likely to find it in 2023.
Brian Mills, Mississippi State University Extension Service ag economist at the Delta Research and Extension Center in Stoneville, said fertilizer prices are expected to remain at 2022 levels.
“We do have good, high crop prices, and with high crop prices, you usually see input costs stay high and go up,” Mills said.
Mississippi agricultural producers shattered previous records in 2022 with an estimated $9.7 billion in production value based on high market prices that almost kept pace with higher production costs.
STARKVILLE, Miss. -- Poultry was already Mississippi’s top agricultural commodity before its overall value increased even more in 2022.
The estimated value of production for the state’s poultry in 2022 was $3.8 billion. This 48% increase over 2021’s record production value of $2.6 billion will rewrite the record books if these totals hold when the final numbers are released by the U.S. Department of Agriculture next April.
Success Stories
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.
A Reward for Hard Work
Doss Family Endows Scholarship for Future Extension Agents
In the Doss family, a strong work ethic is the hallmark of success. That is why, as a tribute to his parents, Roy and Helen, Derrell Doss arranged for their trust to fund a scholarship for Mississippi State University students who want to pursue careers related to agriculture, home economics, and the Extension Service.
Cooperation. Commitment. Grassroots leadership. These shared values unite First South Farm Credit and the Mississippi State University Extension Service in their shared mission to serve Mississippi’s agricultural community. So when the opportunity arose to support the fledgling Thad Cochran Agricultural Leadership Program (TCALP), First South CEO and MSU agricultural economics graduate John Barnard (Class of 1981) jumped at the chance.
