Ag industry posted 2020 estimated value of $7.35B

STARKVILLE, Miss. • Mississippi farmers generated an estimated agricultural value of $7.35 billion in 2020, a 5% increase from 2019 that saw soybeans top forestry for the No. 2 spot behind poultry.
The predicted total ag value exceeds 2019’s production value of $7.01 billion, marking the ninth consecutive year that agriculture topped $7 billion in the state.
Keith Coble, head of the Mississippi State University Department of Agricultural Economics, said the year did not start out looking good.
“We did some midyear analysis on June 1, and the economic picture for farm products looked pretty bleak,” Coble said. “We went through unprecedented losses early to midyear, but markets have generally improved in the latter portion of the year.”

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