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State's agriculture exceeds $6 billion.

Publication: Mississippi Business Journal
Publication Date: 23-JAN-06 		Format: Online
Delivery: Immediate Online Access
Full Article Title: State's agriculture exceeds $6 billion.(Strictly Business)

Article Excerpt
STARKVILLE -- Mississippi's crops endured major hurricanes and may not repeat their record yields, but economists are predicting that the state's agricultural value of production just topped 2004 levels to break the historic $6 billion mark.

Agricultural commodities are expected to decline 2% in overall value, but an increase in government payments helped recover the difference.

John Anderson, agricultural economist with Mississippi State University's Extension Service, said government payments are predicted at $841 million. The amount doubled from 2004 but is similar to that posted in 2003. Anderson said this increase is consistent with what other states received. He said the increased payments occurred in ad hoc and emergency program payments, counter-cyclical payments and loan deficiency payments.

"Hurricanes Katrina and Rita took tolls on most of the...

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