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Cotton looks good, prices don’t

August 26th, 2009

Mississippi’s ever shrinking cotton crop appears to look good as growing goes, but with prices below break-even levels, the state’s farmers are holding their breath until they harvest time.

Prices in mid-August were about 53-55 cents a pound. Mississippi State crop budget estimators indicate the average farmer needs about 62 cents to make any money, at all.

And with the general economy still in the tank, that means bad news again for Mississippi farmers. These guys could use some good luck for a change.

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