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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 18, 2014
115th RMA Convention: Trends, Challenges, Opportunities
Chris and Chase Crutchfield
RMA Chairman Chris Crutchfield, and future chair Chase Crutchfield kick off the Convention

LAKE TAHOE, NV -- The 115th USA Rice Millers' Association (RMA) Convention got underway this morning with two special presentations, first the RMA Distinguished Service Award was presented to Marvin Baden of Producers Rice Mill and then the national anthem was performed by RMA Chairman Chris Crutchfield's five-year old daughter, Chase.     

 

The first day's general session and trade show highlighted markets, trade, and new products and technologies.   "This year's convention promises to be provocative as well as informative," said Crutchfield.  "The educational program covers a variety of topics including the commodity super cycle, global competitiveness, and a discussion on the current realities of the rice trade in Mexico.  Add to that sessions on "big picture" business opportunities and changing consumer trends and you can see we've got something for everyone."

 


Speakers today included commodity expert David Hightower, Under Secretary of Agriculture Michael Scuse, and the CEO of AgriGrain Mexico S.A. de C.V., Guillermo Cárdenas.  

 

Founded in 1899, RMA is one of the oldest agribusiness trade organizations in America. RMA membership, which includes farmer-owned cooperatives and privately-owned mills, represents virtually all of U.S. rice milling capacity, with mill members in Arkansas, California, Florida, Louisiana, Mississippi, Missouri, and Texas. RMA associate members include exporters, shippers and other businesses allied with the rice trade.

 

Contact:  Deborah Willenborg, (703) 236-1444

Marvin "Butch" Baden Honored with RMA Distinguished Service Award   

Keith Glover and Butch Baden
A lifetime of service honored

LAKE TAHOE, NV -- Today, the USA Rice Millers' Association (RMA) named Marvin "Butch" Baden of Producers Rice Mill, Stuttgart, Arkansas, recipient of the RMA Distinguished Service Award, the association's highest honor.  

 

Baden began his service on the RMA Board in 1982 and served as Chairman in 1992.  He has chaired the Convention Coordinating Committee since 1996.  

 

"Butch has given 56 years to the U.S. rice industry during which time he has sold, or been responsible for selling, more than 1.3 billion bushels of rough rice here and around the world," said Keith Glover, president and CEO of Producers Rice Mill who made the award announcement. "I can think of no more appropriate award to bestow on Butch than the lifetime achievement award, and on behalf of all the people whose lives he has touched in a positive way, I extend my sincere and heartfelt appreciation and congratulations."

 

"The RMA Distinguished Service Award is our association's highest honor and a fitting tribute to recognize Butch's dedication and contributions to RMA, the rice milling industry, and the rice industry as a whole," said RMA Chairman Chris Crutchfield who presented the award to Baden.

  

Baden was caught off guard by the surprise presentation, but true to form, he recovered quickly, expressed his appreciation and told the crowd how lucky he considers himself to have spent his life working in an industry he truly loves.

 

The RMA Distinguished Service Award honors extraordinary lifetime contributions to the industry and is not awarded each year. The last award was given in 2011.

 

Baden began working in the rice industry at the age of 17 and held numerous positions, first at Riceland, and at Producers Rice Mill for the past 36 years. His wife of 52 years, Kaye, was on hand for the presentation. Baden has two sons and seven grandchildren, all of whom joined Baden in celebrating this important event.

 

Contact:  Michael Klein (703) 236-1458   

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
17.72
11.63
0.00
Medium-/Short-Grain
17.37
11.89
0.00
Brokens
12.14
----
----

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 25. 
CME Group/Closing Rough Rice Futures   
CME Group (Preliminary):  Closing Rough Rice Futures for June 18


Month
Price
Net Change
July 2014
$14.785
+ $0.135
September 2014
$13.810
 - $0.200
November 2014
$13.990
- $0.200
January 2015
$14.140
- $0.195
March 2015
$14.295
- $0.200
May 2015
$14.295
- $0.200
July 2015
$14.295
- $0.200


In the News  

Around the Country

Amid drought, Bay Area water use down just 2 percent - San Francisco Chronicle

Californians appear to not embrace Governor Brown's water conservation plans

 

Texas crop, weather: El Niño forecast weaker than earlier predicted - North Texas E-news

Texas A&M researchers think recent rains have helped, but more needed

 

Around Washington

US wants 'science' to settle GMO debate in trade deal with EU - EurActiv.com

Secretary Vilsack, rather optimistically, wants to use science rather than PR and scare tactics to settle the GMO question.

 

Dr. Oz faces Capitol Hill critics - The Hill

Chipping away at a rice critic's credibility

 

Around the World

Thai military proposes new scheme to help rice producers - Chicago Tribune

New plan from ruling military could mean for the first time in decades that the rice industry in Thailand will operate without direct state intervention.

 

 

Just for Fun  
China Now Has Steamed Rice Vending Machines - FoodBeast

 

Snickers really satisfies, but rice fills you up

 

Cost-Buster Cooking: Beans and rice make a cool summer salad combo - Providence Journal

Affordable and delicious rice

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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.
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Editor: Michael Klein,
(703) 236-1458,
mklein@usarice.com

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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

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