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Article Excerpt
There are some shifts in use for Delta agriculture land, but values remain high, or are increasing, for the most part. There's a growing demand to convert some farmland to recreational use, and land devoted to catfish farming is on the wane, but king cotton still reigns.
"The value for good, sandy cotton land has never gone down. It stays strong and maintains value," said Bill Allen, president of Bank Plus in Belzoni. "The catfish ponds have really gone down, but now we're seeing that rebound as catfish prices have improved. Overall, values for all land have held up, and that's a good thing."
Jerry Gillespie, senior vice president of credit with Guaranty Bank & Trust in Belzoni, agrees that the...
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