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Agriculture a vital cog in the economy of Mississippi

By BECKY GILLETTE Mississippi is a very rural state with some of the best farmland in the world. “We live in a country where only about two percent of our population is involved in farming, and it is so often forgotten that these farms, most of which are family operated, touch the lives of every person by providing safe, affordable ...

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BILL CRAWFORD — Could tariffs, special election cause November surprises?

No surprises in the run-off elections last week with Michael Guest easily defeating Whit Hughes in the 3rd District Republican Primary run-off and David Baria coming back to defeat upstart Howard Sherman handily in the Senate Democratic Primary run-off.    Unless there are some surprises, Guest should cruise to victory and Baria should fall short in majority Republican Mississippi in November. ...

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UPDATE: Soybean prices fall as Chinese tariff approaches

By JACK WEATHERLY Mississippi farmers are waiting to see how the futures market plays out as China’s threat to place a 25 percent tariff on U.S. soybeans on July 6 approaches. It appears to be like watching a pickup plunge off a bridge in slow motion for the farmers. Since May 25, a contract for November delivery of soybeans is ...

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BILL CRAWFORD — Other states’ Republican leaders stand up to Trump tariffs

Trump tariffs and retaliatory tariffs are no big deal for Mississippi say key Republican leaders. “Everything will work out,” is their mantra.   Meanwhile, Trump tariffs kicked in June 1st on steel (25%) and aluminum (10%) imports from the European Union, Canada, and Mexico. Mexico imposed retaliatory tariffs on June 5th, Canada will on July 1st, and the EU will later ...

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MSU’s Coble elected to AAEA leadership

Keith Coble from Mississippi State University has been named the incoming President-Elect for the Agricultural & Applied Economics Association’s (AAEA) Executive Board. Coble says: “We have both challenges and opportunities ahead of us. By working together [with the other board members], we can advance AAEA.” Joining the Board of the Directors this year are Marc Bellemare from the University of ...

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Soybeans to take major hit as China announces equal penalties to retaliate for US tariffs

China’s government responded quickly to U.S. President Donald Trump’s tariff hike on Chinese goods by announcing Friday it will immediately impose penalties of “equal strength” on U.S. products. The Commerce Ministry said it also was scrapping deals to buy more American farm goods and other exports as part of efforts to defuse a sprawling dispute over its trade surplus and ...

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Sweet potato producer Penick acquired by Alexander Farms

VARDAMAN – Two powerhouse sweet potato growers have combined, with Alexander Farms finalizing the purchase of several Penick Produce businesses last week. Investment banking company Legacy Capital said the transaction was signed May 22, with Penick Produce Co., Penick Business, Penick L.P., and significant land assets sold to local sweet potato operator Alexander Farms for an undisclosed figure. “My father-in-law, ...

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EPA chief defends agency approach

By JACK WEATHERLY After withholding the name of the keynote speaker for the Delta Council’s annual meeting last Friday, the group’s president revealed the day before that Environmental Protection Agency Director Scott Pruitt was to be the speaker. The council initially said that it was going to honor the White House request to keep the speaker’s identity secret. But the ...

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Sanderson earnings fall in second quarter

By JACK WEATHERLY Sanderson Farms Inc. reports net income of $41.9 million, or $1.84 per share, for its second fiscal quarter, which ended April 30, compared with net income of $67 million, or $2.95 per share, for the second quarter of fiscal 2017. The release in premarket trading on May 24 drove Sanderson shares on the NasdaqGS market down as ...

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