By Jamie Martin
Mississippi’s agricultural industry continues to show resilience in 2024, with an estimated value of $9 billion. While row crop prices have dropped, other sectors like poultry, cotton, and livestock are seeing strong growth. Poultry remains the dominant sector, valued at $3.8 billion, marking a 10.5% increase from 2023. Broiler production reached 731 million chickens, a 3% increase from the previous year, and the industry could see a $4 billion value in the next five years.
Forestry holds steady at $1.5 billion, while soybeans, although remaining at a record yield, saw a 22% decrease in value due to falling prices. Livestock production, valued at $578 million, grew by 14%, contributing to the overall economic stability of the sector.
Cotton saw the largest growth among row crops, with a 34% increase in value to $496 million, largely due to a 30% increase in acreage. The state’s cotton yield increased by 8.3%, benefiting from favorable weather. Corn, on the other hand, experienced a 50% drop in value due to reduced acreage and lower prices.
The catfish industry remains strong, with Mississippi leading national production, although its value declined by 18%. Other crops like hay, rice, and peanuts saw positive changes, with rice production growing by 20% due to increased acreage.
Government payments totaling $214 million in 2024, down 19.5% from 2023, continue to provide a safety net for farmers. These funds help stabilize the agricultural economy and support long-term growth.
Photo Credit: gettyimages-wikoski
Categories: National