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Louisiana spillway may open for record 3rd consecutive year

A major flood control structure on the Mississippi River may have to soon be opened up to ease pressure on New Orleans levees, federal authorities said Tuesday. The river is expected to crest above 17 feet (5.2 meters) at a key New Orleans gauge as early as Friday, the U.S. Army Corps of Engineers said in a news release. That ...

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Cal-Maine founder dies; egg company turns quarterly profit

By JACK WEATHERLY Cal-Maine Foods Inc. on Monday announced that Fred R. Adams, Jr., the company’s founder and chairman emeritus, died Sunday at the age of 88 following an extended illness. Adams founded Adams Egg Co. in 1957, which was the predecessor to Cal-Maine Foods, Inc., which incorporated in 1969. He served as chairman and CEO until 2012. Under his ...

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Sanderson Farms outlines COVID-19 steps it’s taking

Sanderson Farms Inc.reported on Monday it is taking measures in response to the COVID-19 pandemic. “With so much uncertainty surrounding the novel coronavirus, and the changes we face in our daily lives, Sanderson Farms wants to reassure our customers, consumers and communities that we will continue to process and ship high-quality, safe and affordable poultry products,” Joe F. Sanderson, chairman and chief executive ...

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Rural lending co-op hires chief financial officer 

Southern AgCredit, a rural lending cooperative, recently hired Richard Palmer as chief financial officer in its Ridgeland administrative office. Richard is a certified public accountant, and holds a bachelor’s degree from Mississippi State University and an MBA from the University of Mississippi. He is a member of numerous professional organizations, including state and national public accounting societies. He has 14 ...

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Sanderson reports $38.6 million loss for quarter; remains optimistic for 2020

Sanderson Farms Inc. reports a net loss of $38.6 million, or, $1.76 per share, for the first fiscal quarter compared with a net loss of $17.8 million, or 82 cents per share, for the first quarter of fiscal 2019., Net sales were $823.1 million, compared with $743.4 million for the same period a year earlier. Stocks for Laurel-based Sanderson, the nation’s third-largest producer of poultry, ...

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McLaurin elected MPA Chair for 2020

Steve McLaurin has been elected Chairman of the Mississippi Poultry Association Board of Directors for 2020. Poultry is Mississippi’s largest agricultural industry, paying almost $3 billion to growers and generating an $18 billion economic impact. MPA, founded in 1937, represents 1,000 members including poultry companies, growers and allied industries. McLaurin, of Forest, is live operations manager for Peco Foods in ...

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Mississippi ag chief hails China pact

Mississippi Commissioner of Agriculture and Commerce Andy Gipson applauded President Donald Trump for signing Phase One of the Economic and Trade Agreement with China on Wednesday. “I applaud President Trump’s persistence in negotiating new trade deals that will benefit American industries, especially agriculture,” Gipson said in a release. “Agriculture is Mississippi’s [No. 1] industry, and it has been greatly affected by trade disputes with China.  Our ...

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Cal-Maine chalks up net loss of $10.1 million

By JACK WEATHERLY Still struggling with a market oversupplied with eggs, Cal-Maine Foods Inc. on Monday reported a net loss of $10.1 million, or 21 cents per share, for the second quarter of fiscal 2020, compared with a net income of $21.8 million, or 45 cents per share a year earlier. Net sales for the quarter ending Nov. 30 were ...

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Poultry, timber remain Mississippi’s top crops in 2019

Poultry and timber remain atop Mississippi’s agricultural economy. Broilers, eggs and chickens brought nearly $2.8 billion to the state’s economy while timber brought in about $1.5 billion, according to Mississippi State University. Severance taxes collected from timber sales are expected to be up from both 2018 and 2019, though final figures won’t be in until February. Poultry was down 3% ...

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State’s largest industry, agriculture, reaches $7.4B

By NATHAN GREGORY / MSU Extension Service In 2019, Mississippi’s agricultural industry faced the prospect of dipping below $7 billion for the first time in eight years, but federal payments pushed its value up enough to post a slight gain over 2018. The estimated value of Mississippi agriculture in 2019 is $7.39 billion, a 0.2% gain from last year’s $7.37 ...

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