Louisiana Rice Check-Off Programs Fixed in Legislature, On to Governor
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Hazardous duty
at the LSU AgCenter.
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BATON ROUGE, LA -- Two bills, (HB 886 and HB 1045), funding vital research and promotion efforts for the state rice industry were unanimously approved by the Louisiana State Senate yesterday. The bills passed the House last month, and now head to Governor Jindal for his approval. The bills make changes to the Louisiana Rice Check-Off statutes introduced in response to the state Supreme Court's ruling late last year that elements of the statutes, created forty years ago, were unconstitutional.
The newly minted legislation was the result of unprecedented unity from all segments of the $2 billion state industry and sets assessments at current levels, expands the size of the rice research and promotion boards by two seats each, and provides a refund provision for any growers who do not wish to support research or promotion activities funded by check-off dollars.
"The rice research and rice promotion programs are both key components to the success and sustainability of our Rice Industry today and for generations to come. I am glad we were able to come together collectively as a Rice Industry and pass this legislation," said Richard Fontenot, chairman of the Louisiana Farm Bureau Rice Advisory Committee.
"In 1972 our predecessors had the foresight to initiate grower-directed rice research and promotion check-off programs to ensure a viable industry for years to come," said John Owen, a rice farmer from Rayville, Louisiana and president of the Louisiana Rice Growers Association. "I greatly admire their forward thinking and I, along with every other grower in the state, am reaping the benefits of that vision today. I am pleased that all segments of the Louisiana rice industry came together to lead efforts to ensure that these critical check-off programs continue."
Contact: Randy Jemison, (337) 738-7009
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USA Rice Leaders Attend World Market Price Meeting
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Getting a global perspective on rice
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WASHINGTON, DC -- Members of the USA Rice Federation World Market Price Subcommittee met this morning with representatives from the U.S. Department of Agriculture's National Agricultural Statistics Service (NASS), Foreign Agricultural Service (FAS), Farm Service Agency (FSA), and Economic Research Service (ERS) to discuss a broad range U.S. rice industry issues. The discussion included perspectives on the March prospective plantings report, domestic rice stocks, NASS yield and price reporting issues, and a review of the world and U.S. supply/demand situation.
The group focused closely on a number of rice trade issues, including policy updates regarding the Colombia Free Trade Agreement, the Trans-Pacific Partnership, and the Transatlantic Trade and Investment Partnership. Market access issues in Japan, South Korea, and Taiwan and the ongoing efforts of USDA to finalize a phytosanitary protocol with China for U.S. rice were discussed, along with a review of the global situation including Thailand, India, Vietnam, Brazil, and Iraq.
The next subcommittee meeting with USDA is scheduled for October.
Contact: Kristen Dayton, (703) 236-1464
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CCC Announces Prevailing World Market Prices
| WASHINGTON -- The Department of Agriculture's Commodity Credit Corporation today announced the following prevailing world market prices of milled and rough rice, adjusted for U.S. milling yields and location, and the resulting marketing loan-gain (MLG) and loan deficiency payment (LDP) rates applicable to the 2013 crop, which became effective today at 7:00 a.m., Eastern Time (ET). Prices are unchanged from the previous announcement.
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World Price
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MLG/LDP Rate
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Milled Value ($/cwt)
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Rough ($/cwt)
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Rough ($/cwt)
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Long-Grain
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17.72
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11.63
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0.00
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Medium-/Short-Grain
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17.35
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11.88
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0.00
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Brokens
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12.14
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This week's prevailing world market prices and MLG/LDP rates are based on the following U.S. milling yields and the corresponding loan rates:
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U.S. Milling Yields Whole/Broken (lbs/cwt)
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Loan Rate ($/cwt)
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Long-Grain
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57.94/11.23
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6.65
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Medium-/Short-Grain
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63.26/7.45
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6.58
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The next program announcement is scheduled for May 21. |
CME Group/Closing Rough Rice Futures | CME Group (Preliminary): Closing Rough Rice Futures for May 14
May 2014
| $15.205
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- $0.025
| July 2014
| $15.280
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- $0.045
| September 2014
| $14.480
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+ $0.065
| November 2014
| $14.605
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+ $0.065
| January 2015
| $14.780
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+ $0.060
| March 2015
| $14.875
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+ $0.040
| May 2015
| $14.875
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+ $0.040
| July 2015
| $14.875
| UNCH
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Science and Technology
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Where Would Agriculture be Without University Research? Western Farm Press
American agriculture owes much of its success to the land grant institutions and the work of cooperative extension making the farm advisor an invaluable part of the commercial farming operation
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Mission Statement | USA Rice Federation is the global advocate for all segments of the U.S.
rice industry with a mission to promote and protect the interests of
producers, millers, merchants and allied businesses. |
About Us | Editor: Michael Klein, (703) 236-1458, mklein@usarice.com
Fax (703) 236-2301
2101 Wilson Boulevard, Suite 610 Arlington, VA 22201
This report is time-sensitive, based on information available at press time. Content is derived from facts and sources believed to be reliable. Reprinting and/or distribution may be done with permission of the USA Rice Federation
Copyright © 2014. Please direct comments or questions to the editor or contact name listed for each story. |
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