Mississippi’s poultry took an estimated 23% loss in value in 2023
Even though production was strong, a failure to meet the previous year’s record-high prices was responsible for the hit.
MISSISSIPPI (WCBI) – Mississippi’s poultry took an estimated 23% loss in value in 2023.
Even though production was strong, a failure to meet the previous year’s record-high prices was responsible for the hit.
Poultry generated an estimated $3.1 billion for Mississippi agriculture in 2023, down from the $3.9 billion generated in 2022.
Eggs had the largest decline, dropping 30%.
With this farm gate value, poultry kept its top spot in Mississippi agriculture, above soybeans at $1.6 billion and forestry at $1.5 billion.
The U.S. Department of Agriculture will release final values next April.
Josh Maples, with the Mississippi State University Extension Service, says the decreased value does not mean 2023 was a bad year.
The state is 13th nationally in egg production, and 2023’s decrease in egg value was also caused by exceptionally high egg prices in 2022.
