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USA Rice Federation is the global advocate of all segments of the U.S. rice industry with a mission to promote and protect the interests of producers, millers, merchants and allied businesses.  
Wednesday, June 4, 2014

Farm Bill Enrollment Decisions Made Easier with Online Educational Tools 

 
Looking for answers online.
(USDA photo)

WASHINGTON, DC -- Last week, Agriculture Secretary Tom Vilsack announced that the U.S. Department of Agriculture (USDA) is awarding $6 million to universities and cooperative state extension services to develop online decision tools and other education materials and to train extension personnel to educate producers about key farm bill programs.  The goal is to help farmers and ranchers make sound decisions about base reallocations, yield updates, and what 2014 Farm Bill programs make the most sense for their specific situation.

 

The Agricultural and Food Policy Center (AFPC) at Texas A&M, the Food and Agricultural Policy Research Institute (FAPRI) at the University of Missouri, and the University of Illinois will share $3 million to develop and launch educational tools to assist farmers and ranchers in making enrollment decisions for the Agriculture Risk Coverage (ARC) program and the Price Loss Coverage (PLC) program. 

 

"Helping farmers and ranchers understand new Farm Bill programs and what the programs mean for their families is one of USDA's top priorities," said Vilsack. "With the resources we're providing, university experts will help ensure farmers and ranchers are highly educated as they make critical decisions about new programs.  The new tools will empower farmers and ranchers to select the plan that best fits their unique needs."

 

"For many years, the USA Rice Federation and AFPC have been collaborating on economic and farm policy analysis for the rice industry," said Reece Langley, USA Rice vice president of government affairs.  "We appreciate the strong working relationship our industry has with AFPC and are pleased they will be part of the team developing this important decision making tool for producers.  We look forward to working with them to ensure that our members utilize this valuable tool." 

 

Langley said producers can find a helpful worksheet on the AFPC website that will need to be filled in prior to using the educational tool.  

 

Contact:  Lauren Echols, (703) 236-1444

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. 

 
World Price
MLG/LDP Rate
 
Milled Value ($/cwt)
Rough ($/cwt)
Rough ($/cwt)
Long-Grain
17.52
11.50
0.00
Medium-/Short-Grain
17.18
11.76
0.00
Brokens
12.00
----
----

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:

 
U.S. Milling Yields
Whole/Broken
(lbs/cwt)
Loan Rate
($/cwt)
Long-Grain
57.94/11.23
6.65
Medium-/Short-Grain
63.26/7.45
6.58
 
The next program announcement is scheduled for June 11. 
CME Group/Closing Rough Rice Futures   
CME Group (Preliminary):  Closing Rough Rice Futures for June 4


Month
Price
Net Change
July 2014
$14.225
- $0.325
September 2014
$13.935
 - $0.200
November 2014
$14.060
- $0.200
January 2015
$14.190
- $0.200
March 2015
$14.345
- $0.205
May 2015
$14.345
- $0.205
July 2015
$14.345
- $0.205


In the News

Around Washington

Senators Introduce Bill to Overhaul Food Aid Agri-Pulse

The agriculture and marine industries, historically proponents of the program, could stand to lose if U.S. commodities are no longer shipped overseas on U.S. vessels

 

U.S. Dairy Farmers Threaten to Oppose Pacific Trade Deal Reuters

The threat by U.S. agricultural lobbyists to oppose the pact marked an escalation in the dispute and could undermine support in Congress for the trade deal, which is still under negotiation

 

 

Around the Country

Governors Wager Rice Cakes, Hockey Puck Los Angeles Times

If the Rangers win, Brown will send Cuomo Lundberg Organic Brown Rice Cakes and if the LA Kings win, Cuomo will part with a "Hat Trick" hockey puck commemorating New York having three on-time budgets in a row

 

Mississippi Nailbiter Heads Toward Run-Off The Hill

With 98 percent of the state's precincts in, McDaniel held a 2,500-vote lead over Cochran, with 49.6 percent to the incumbent's 48.8 percent

 

 

Science and Technology

Italy Begins Drive to Save Historical Rice Varieties Oryza

Based on scientists' recommendation, Italy is planning to re-grow some older rice varieties so that their genes become active again which helps preserve historical varieties as well as making them usable for further research

 

 

Health and Nutrition

White Rice More Popular Than Healthier Brown Rice Oryza

Among the nutrients that are taken away along with the bran layers during milling of white rice include magnesium, manganese, zinc and iron

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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

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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.