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Feature Topics

December 2012 Agriculture & Natural Resources Industry Report

Agriculture remains a prime economic engine in Mississippi, representing approximately 24% of the state's revenue (or over $7 billion) and providing approximately 29% of its jobs. Although agriculture is risky, subject to weather events and pest infestations, it remains the most necessary of vocations: of the 7 billion people in the world today, approximately a billion are malnourished. read more...


Readers Comments

We were privileged to participate in this roundtable discussion and hope that you will benefit from the summary printed in this publication.

Beth Howell Hansen, Chief Executive Officer
Mississippi Association of REALTORS


Economic Indicators

The real gross domestic product expanded at an annual rate of 4.2%, in the second quarter of 2014.   Aug. 28, 2014 More»

The Conference Board Consumer Confidence Index rose to 92.4 from July's 90.3. This 4th consecutive increase in confidence reflects consumers' short-term positive view of the economy and labor market.      Aug. 26, 2014 More»

July orders for manufactured durable goods was $55.3 billion, up 22.6% from June's reading mainly from strong aircraft and transportation orders.      Aug. 26, 2014 More»

July sales of new single family houses was down 2.4% to a seasonally adjusted annual rate of 412,000 units , but up 12.3% from a year ago.    Aug. 25, 2014 More»

In July 2014 Building permits were at a seasonally adjusted annual rate (SAAR) of 1,052,000, up 7.7 percent from July 2013.    Aug. 19, 2014 More»

Retail and food services sales in June 2014 were $439.8 billion, 3.7 percent higher than July 2013. retail and food services sales in July 2014 were 3.1 percent higher than July 2013    Aug. 13, 2014 More»

Business inventories in June 2014 were $1,743.1 billion, up 5.8 percent from June 2013. Sales were $1,346.7 billion, up 0.3 percent from the previous month.    Aug. 13, 2014 More»

Wholesale inventories in June 2014 were $533.5 billion, up 0.3 percent from the revised May level. Sales were $454.4 billion, up 0.2 percent from the revised May level.    Aug. 8, 2014 More»

International trade deficit in June 2014 decreased 7.0 percent from May, to $41.5 billion. Exports increased 0.1 percent, to $195.9 billion.    Aug. 6, 2014 More»

New orders for manufactured goods in June 2014 increased 1.1 percent, Shipments rose 0.5 percent, And inventories rose 0.3 percent, to $653.8 billion.    Aug. 5, 2014 More»

In June 2014 Construction spending was $950.2 billion at a seasonally adjusted annual rate, down 1.8 percent from the revised May 2014 estimate but up 5.5 percent from June 2013.    Aug. 1, 2014 More»

In June 2014 Personal income increased 0.4 percent. ominal personal consumption expenditures (PCE) rose 0.4 percent, while real PCE rose 0.2 percent.    Aug. 1, 2014 More»


Tax Corners

Tax Tips

Based on the statute of limitations, records need to be kept for three years after filing returns. However, if you file a fraudulent return or don't file a return (when you're required to do so), there's no limit. If you unreport your income by more than 25%, limitations period and the required record retention is 6 years. If you file a claim for a loss from worthless securities, the limitations period is 7 years. Keep records relating to your cost basis in property until the limitations period expires after you dispose of the property. read more...

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