Corn plants lie on the ground following a derecho storm near Polo, Illinois, on Aug. 10, 2020. Congress first authorized crop insurance in the 1930s, but participation didn t take off until decades later.
When Dr. Keith Coble was a graduate student looking for a topic to work on, he settled on crop insurance, in part because he d become fascinated with risk and it seemed so relevant to agriculture.
Coble, now a Giles Distinguished Professor and professor in the Agricultural Economic Department at Mississippi State University, started looking at the questions surrounding crop insurance, which at the time in the 1980s was a small program with a reputation for being actuarially unsound with low participation.
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Getty Images/iStockphoto The purpose of this online conference is to provide stakeholders commodity outlook information for the upcoming year, said Will Maples. The 2021 Ag Outlook Conference will be held virtually, and registration is free.
Mississippi State University will be holding its 2021 Ag Outlook Conference virtually on Jan. 14
th beginning at 9:30 a.m. and continuing to around noon. The purpose of this conference is to provide stakeholders commodity outlook information for the upcoming year, said Will Maples, Assistant Extension Professor for the Department of Agricultural Economics at Mississippi State University. Our keynote speaker this year will be Dr. Cortney Cowley with the Federal Reserve Bank of Kansas City.
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 2019âs 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.
âWe did some midyear analysis on June 1, and the economic picture for farm products looked pretty bleak,â Coble said. âWe went through unprecedented losses early to midyear, but markets have generally improved in the latter portion of the year.â