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Agribusiness

Sanderson Farms sees profitable third quarter

LAUREL — Sanderson Farms Inc. reported net income of $28.7 million for its fiscal third quarter, a turnaround from a loss a year ago, as improved market conditions boosted revenue 22 percent. The results beat Wall Street expectations, and its shares jumped almost 6 percent in premarket trading. The Laurel, Miss.-based chicken producer cautioned that while market conditions improved during ...

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Corn prices high, but low river remains huge concern

ACROSS MISSISSIPPI — The drought across the nation’s Corn Belt is contributing to record high grain prices and near-record low river levels, both of which are impacting Mississippi’s corn. Corn prices are at $8 per bushel and have been trading in that range for the past couple of weeks. This is compared to about $5.20 per bushel at the start ...

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MSU researchers create new forest inventory system

STARKVILLE — Researchers at Mississippi State University’s Forest and Wildlife Research Center have created the Mississippi Forest Monitoring and Information System, a forest inventory and information system that combines satellite remote sensing data and ground surveys. It is the first time forest-related satellite data and ground measurements have been combined on such a large scale in the United States. “The ...

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FSA office that serves about 3,000 farmers to close

FULTON — Itawamba County’s branch of the Farm Service Agency will close Sept. 7. Itawamba County FSA head Johnny Guntharp tells the Northeast Mississippi Daily Journal he expects many of the farmers to relocate files to the Tupelo office. In May, the U.S. Department of Agriculture announced it would close 125 FSA offices nationwide. Mississippi FSA officials scheduled for closing ...

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More limits on grain barges likely as river keeps dropping

Rain in the drought-stricken Ohio Valley is the only remedy at the moment for falling water levels on the Mississippi River that this week is limiting north-and-south bound barge traffic to alternating12-hour schedules, says the head of a Greenville grain shipping cooperative. Steve Nail, president & CEO of the Farmers Grain Terminal, said Thursday a 30-day National Oceanic and Atmospheric ...

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Monsanto, Scruggs Farm Supply await judge's ruling

TUPELO — A federal judge in Mississippi has heard arguments from the Monsanto Co., which is seeking $27 million in damages from a Tupelo farm supply business and its owners in an ongoing dispute over saving and selling its patented seeds. The Northeast Mississippi Daily Journal reports U.S. District Judge Michael Mills made no decision after hearing yesterday from attorneys ...

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Catfish farmers feeling impact of drought

AROUND MISSISSIPPI — Mississippians do not have to look far to see the impact of the Midwest’s historic drought, as the state’s catfish farmers already feel the pinch of sky-high feed costs. “There was a window last fall when some farmers were able to book feed at $380 per ton,” said Jimmy Avery, Mississippi State University Extension aquaculture specialist and ...

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Drought inflicting pain on poultry, cattle producers

Drought in Central Arkansas, Tennessee, Kentucky and on through the nation’s Corn Belt has left Mississippi’s corn and soy bean growers poised to rack up record crop prices. Since just the end of May, corn prices have climbed 45 percent and soybeans 30 percent. But the economic dominoes felled by the drought of 2012 spell trouble for the rest of ...

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Cashing in on drought

The rains of early June and in the days that followed the Fourth of July appear to have ensured a highly prosperous year for Mississippi’s corn and soybean growers. August rains have helped, as well, said John Michael Riley, an agriculture economist with Mississippi State University. That the rains came as drought stunted or killed crops in parts of neighboring ...

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Agritourism Sign Program launches at Mitchell Farms

COLLINS — The Mississippi Department of Transportation (MDOT) and the Mississippi Department of Agriculture and Commerce (MDAC) yesterday introduced a new Agritourism Sign Program at Mitchell Farms in Collins. The Agritourism Sign Program is a result of joint efforts between MDAC and the Mississippi Development Authority to introduce members of the Mississippi Agritourism Association to various resources available to their ...

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