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Tag Archives: agribusiness

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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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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Sanderson Farms reports results for fourth quarter and fiscal 2019

Sanderson Farms has reported results for the fourth quarter and fiscal year ended October 31, 2019. Net sales for the fourth quarter of fiscal 2019 were $906.5 million compared with $798.1 million for the same period a year ago. For the quarter, the Company reported a net loss of $22.9 million, or $1.05 per share, compared with a net loss ...

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Rural Mississippi is more valuable than ever

By DR. DARYL JONES Hunting, fishing, wildlife watching, enjoying nature and other outdoor activities put dollars in Mississippi’s coffers. In fact, wildlife-related recreation generates economic impact of about $2.9 million per year in the state. A portion of the money spent on wildlife-related recreation ends up in small, rural Mississippi communities that would not see these expenditures otherwise. To enjoy ...

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Christmas tree vendors try to keep up with demand

By ROBERT NATHAN GREGORY Mississippians pondering ideas for a side business could consider investing in land and planting stem cuttings of Leyland and Murray cypress trees. These two varieties, trees that can grow well in a humid climate, are popular choices for live Christmas trees in the state. Each year, Christmas tree growers struggle to meet high demand. Kenneth and ...

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MSU Extension reaches out to struggling farmers

By BONNIE COBLENTZ The Mississippi State University Extension Service is doing what it can to make sure everyone in the state’s agricultural community knows there is help available when the stress of life seems unrelenting. David Buys, Extension state health specialist, said the stress farmers and rural residents face regularly can cause mental health problems. If unchecked, these issues can ...

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Salad product recall over E. coli bacteria impacts 22 states

The U.S. Department of Agriculture says thousands of pounds of salad products are being recalled due to a possible E. coli contamination. The department says Missa Bay, LLC from Swedesboro, New Jersey, is recalling more than 75,000 pounds (34,020 kilograms) of salad products that contain meat or poultry because the lettuce may be contaminated with a strain of E. coli. ...

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TODD SMITH — Not milk? Largest brand buys the farm

Not Milk! With a nod to one of the greatest branding campaigns in the world – who can forget Got Milk! – our society has increasingly tossed the jug and opted for tea and soft drinks instead. This alarming trend recently led to the nation’s biggest milk producer filing for bankruptcy. Dean Foods blamed a decadelong drop in milk consumption ...

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