Farmers Set to Plant More Cotton and Soybeans in Mississippi

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Jackson, Miss. With corn prices down, Mississippi farmers are likely to plant more cotton than 2013's record low acreage. But soybeans are still king, with almost as many acres expected to be planted than all other crops combined.

Those are the findings of the U.S. Department of Agriculture's survey of what the state's farmers plan to plant this year.

Although heavy rains in recent weeks have slowed planting, Mississippi State University Professor Erick Larson says it's still too early for farmers to begin shifting out of corn into soybeans or cotton. Many farmers made that switch last year.

After two years of good crops sold for high prices, agricultural economist John Michael Riley says most Mississippi farmers have strong finances. But he says lower prices this spring could pose increased risks.