MBJ_Jan17_2014

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INSIDE — The last FEMA project

www.msbusiness.com

January 17, 2014 • Vol. 36, No. 3 • $1 • 28 pages

IT’S MARDI GRAS TIME

GOOD YIELDS, BAD PRICES

Valley selects Briggs

» Agriculture impacted by weaker market

Mississippi Valley State University has appointed Dr. Jerryl Briggs as executive vice president/COO. Briggs brings over 25 years of professional experience in higher education administration.

BY WALLY NORTHWAY I STAFF WRITER wally.northway@msbusiness.com

More newsmakers, P 8

Local Biz {P 2} » Hollywood Feed is running with the big dogs with the making of its pet beds and new stores Around the state {P 10} » Rising optimism along the Tenn-Tom Waterway Lists {P 19} » Largests Banks

ROYAL DEMAND MBJ Double Focus {P 15}

» Nonprofits » Banking & Finance

Carnival design is a year-long job

For farmers, 2013 was a year to remember, though not all of those memories are good ones. For the 19th consecutive year, poultry rang in as the top commodity in Mississippi, and forest products saw a bounce-back year, regaining the number two spot of Mississippi’s top commodity list. However, many commodities — including corn and soybeans — saw market prices that could not offset costs even as yields set new state records. John Michael Riley, agricultural economist with the Mississippi State University Extension Service, said the major difference between 2013 and the prior year were agronomic crop prices. “In 2012, when most of the nation’s farmland was experiencing a major drought, Mississippi farmers were able to produce very good yields,” Riley said. “While yields were down across the country, our growers were able to capitalize on the higher prices.” Riley estimated agricultural commodity values for 2013 compared to the previous year and the five-year average. The estimated $7.35 billion is 4 percent less than 2012’s total value, but 11 percent more than the five-year average. Soybeans are a good example of what many farmers faced in 2013. Farmers are expected to have harvested

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