115th RMA Convention: Trends, Challenges, Opportunities
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 | 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
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 | 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
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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 ($/cwt)
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Long-Grain
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17.72
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11.63
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0.00
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Medium-/Short-Grain
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17.37
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11.89
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0.00
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Brokens
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12.14
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This week's prevailing world market prices and MLG/LDP rates are based on the following U.S. milling yields and the corresponding loan rates:
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U.S. Milling Yields Whole/Broken (lbs/cwt)
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Loan Rate ($/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 June 25. |
CME Group/Closing Rough Rice Futures | CME Group (Preliminary): Closing Rough Rice Futures for June 18
July 2014
| $14.785
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+ $0.135
| September 2014
| $13.810
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- $0.200
| November 2014
| $13.990
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- $0.200
| January 2015
| $14.140
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- $0.195
| March 2015
| $14.295
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- $0.200
| May 2015
| $14.295
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- $0.200
| July 2015
| $14.295
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- $0.200
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In the News
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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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Upcoming Events | Events Calendar
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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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