Mississippi Machinery and Equipment Appraisals
Collateral Evaluation Associates, Inc. (CEA) has provided machinery and equipment appraisals in Mississippi since 1990. Our expertise as machinery and equipment appraisers includes medical equipment, construction equipment, manufacturing equipment, industrial equipment, and transportation equipment.
CEA provides machinery and equipment appraisals for the following purposes: asset based loans or refinancing; ad valorem tax purposes; allocation of purchase price; condemnation or eminent domain; FAS141/FAS142 reporting; insurance purposes; leasing; corporate conversions, dissolutions, mergers, purchases, sales, etc.
CEA has completed appraisals in the following Mississippi cities and towns: Biloxi; Brookhaven; Grenada; Jackson; Laurel; Meridian; Olive Branch; South Haven.
Mississippi is traditionally one of the more rural states in the Union; not until 1965 did manufacturing take over as the leading revenue producing sector of its economy. In 2000, Mississippi ranked third in the nation in the production of cotton, but soil erosion resulting from over cultivation and the destruction caused by the boll weevil has led to the increased agricultural diversification. The other most important crops are rice and soybeans. Today broiler chicken production, aquaculture (chiefly catfish production), and dairying are increasingly important. The state’s most valuable mineral resources, petroleum and natural gas, have been developed only since the 1930s.
Industry has grown rapidly with the development of oil resources and has been helped by the Tennessee Valley Authority and by a state program to balance agriculture with industry, under which many communities have subsidized and attracted new industries. Revenue from industrial products, including chemicals, plastics, foods, and wood products, have exceeded those from agriculture in recent years.
On the Gulf coast there is a profitable fishing and seafood processing industry, and gambling is important along the Gulf Coast and in long impoverished Tunica County, in the northwest. There are military air facilities at Columbus, Biloxi, and Meridian, as well as the Stennis Space Flight Center at Bay St. Louis. The state’s per capita income, however, has been among the lowest in the nation for decades.