This column was submitted by Mississippi Lieutenant Governor and Vicksburg native Delbert Hosemann.

As a state whose roots run deep in the soil, Mississippi’s agriculture isn’t just an industry here – it is the foundation of our state’s economy, producing over $7 billion annually and accounting for 18.6% of our state’s economy. Our farmers are facing challenges which threaten their livelihoods, revenue and our economy. As a state, we can’t afford to turn a blind eye to this crisis. This fall, I was informed by many agricultural lenders that they did not intend to furnish funds for some of our farmers to plant crops.

Last week, the Mississippi Senate Agriculture Committee came together to dig into the issues hearing from experts at Mississippi State University, Pinion Global, Delta Council, and the Mississippi Farm Bureau. They brought data, real-life stories, and perspectives that made one thing abundantly clear: our farmers are in trouble, and the ripple effects are being felt across the entire state.

The numbers are alarming. It is estimated $550 million in statewide losses. The broader economic impact is estimated at $3.5 billion in lost spending. These challenges stem from a combination of high inflation, soaring input costs, and low output prices, exacerbated by international competition. Essential inputs like seed, fertilizer, and fuel have become so costly that many farmers are operating at a loss. This ongoing struggle, which has persisted for several years, is now compounded by banks’ increasing reluctance to issue loans.

These financial hits don’t just affect farmers, they impact each of us, especially the Delta where agriculture is so crucial. When our farmers struggle, our entire state feels it. We are in competition with an international market. Other countries are clearing land and producing the same cash crops that have fueled our state for decades and selling to our long-term trade partners for cheaper.

Since 2021, soybean prices have dropped by $1.92 per bushel, while corn prices have decreased by $1.04 per bushel. Meanwhile, production costs have surged significantly—up 124% for soybeans, 102% for corn, and 122% for rice. These increases have resulted in losses of $161.40 per acre of soybeans, $175.32 per acre of corn, and $176.75 per acre of cotton. Increased production does not offset these losses.

How do we remain competitive and move forward?

I, and the Senate Agriculture Committee, led by Senators Neil Whaley and Andy Berry, are committed to driving state government to assist farmers and allow them to keep feeding and clothing the world. We’ll hold additional meetings to brainstorm solutions and, more importantly, act on them. Protecting our farmers by preventing frivolous lawsuits, avoiding increases in property taxes, and maintaining investments in infrastructure are critical.

I want to take a moment to thank our federal delegation and Commissioner Gipson for their steadfast support of Mississippi’s agriculture community. Their work to secure relief funding and advocate for our farmers at the national level has been invaluable. A significant part of the solution will likely rely on federal funding, and with Congress facing a September deadline to pass a new Farm Bill, their leadership is more critical than ever. Mississippi is fortunate to have a strong federal delegation, and with President Trump’s return, I am optimistic about robust support from Washington, D.C.

Mississippi farmers are some of the most resilient people I know. They’re the backbone of our state, and it’s our responsibility to make sure they have the resources and support they need to get through this tough time. I have great concern about the road ahead but remain hopeful that together we can find solutions by continuing this important work.