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Agribusiness

Looking south for trade with Cuba

By JACK WEATHERLY  Mississippi is joining the hunt for “gold” in Cuba as the United States appears to be moving toward resumption of trade with the island nation 90 miles off the tip of Florida after a 55-year embargo. The nation of 11 million in so many ways is frozen in time, typified by 1950s autos that have been recycled ...

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Bayer signs deal to acquire Monsanto for $66 billion

German drug and farm chemical company Bayer AG says it has signed a deal to acquire seed and weed-killer company Monsanto for $66 billion in cash. Bayer says it is paying Monsanto shareholders $128 per share, which represents a 44 percent premium over Monsanto’s closing price on May 9, the day before a proposed deal was announced. The deal is ...

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Mississippi agriculture chief on Trump advisory committee

Mississippi Agriculture Commissioner Cindy Hyde-Smith is serving on an agriculture advisory committee for Republic presidential nominee Donald Trump. The Daily Leader reports that the 64-member committee includes chairmen of the U.S House and Senate agriculture committees, former U.S. secretaries of agriculture, current and former governors and business executives. Hyde-Smith raises beef cattle near Brookhaven. She was elected to the state ...

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AG REPORT — Good cotton crop expected despite dropped bolls

Wet, cloudy weather has put a lot of cotton bolls on the ground, but experts still expect an above average crop from Mississippi’s cotton acreage. Darrin Dodds, cotton specialist with the Mississippi State University Extension Service, said experts knew boll loss was coming after all the recent rain. “By the last week of July to early August, a lot of ...

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AG REPORT — Timely rains, few issues indicate good peanut yield

With few problems this year, Mississippi’s peanut growers should see a good crop. “Overall, peanuts are doing very well,” said Jason Sarver, Mississippi State University Extension Service peanut specialist. “Peanuts in south Mississippi received consistent rain throughout the season. We were really dry for a while across northeast Mississippi and the Delta. But between days 70 and 80, we started ...

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Banks to farmers: Be proactive in responding to falling commodity prices

By BECKY GILLETTE The agricultural economy continues to experience a downturn in which low commodity prices have reduced farm incomes, and concerns about liquidity have reached an all-time high, said Steve Apodaca, senior vice president of the American Bankers Association Center for Agricultural & Rural Banking, who spoke this week at the Mississippi Bankers Association Agriculture Conference in Jackson. With lower ...

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Cal-Maine plans to buy Florida-based egg producer

MBJ Staff Jackson-based Cal-Maine Foods, Inc. announced it has signed a letter of intent to acquire substantially all of the assets of Foodonics International Inc. and its related entities doing business as Dixie Egg Co. The assets to be acquired include commercial egg production and processing facilities with capacity for approximately 1.6 million laying hens and related feed production, milling ...

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Cal-Maine 4th quarter sales down 24.8 pct.; net loss $376,000

By JACK WEATHERLY Cal-Maine Foods Inc.’s sales for the fourth quarter of fiscal 2016 were $303 million, a 24.8 percent decrease compared with $403.0 million for the fourth quarter of fiscal 2015. The company reported a net loss of $376,000, or 1 cent per share, for the fourth quarter of fiscal 2016, compared with net income of $46.1 million, or 95 cents ...

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Catfish production holds steady as demand stays high

As demand for catfish remains high, the only components of its production trending down this year in Mississippi are pond acreage and the price of feed. Producers are receiving an average of $1.12 to $1.21 per pound of catfish and paying less than $380 for a ton of feed. To Jimmy Avery, Extension aquaculture professor at the Mississippi State University ...

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International trade program connects Extension to China

BEIJING, China — Expanding Mississippi agriculture requires getting to know potential markets, and a group of Mississippi State University Extension agents is seeing one of the largest in the world firsthand. A tour of Shanghai, Beijing and the Shandong Province is the last in a three-step international trade training program. In November, agents learned the basic principles of international trade. ...

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