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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.
Thursday, October 30, 2014

USDA Holds 2014 Farm Bill Listening Section 

Farm Bill Listening Session
 Brandon Willis of the USDA
STONEVILLE, MS - Yesterday, the USA Rice Federation attended Farm Bill listening sessions here with staff members from the U.S. Department of Agriculture (USDA) and the Senate Agriculture Committee.  Growers were invited to provide feedback and bring questions for USDA staff about the implementation of the 2014 Farm Bill.

 

Among the concerns producers voiced to Risk Management Agency (RMA) staff were availability of the Supplemental Coverage Option (SCO) for 2016 and crop margin insurance product availability for rice and other crops.

 

"RMA is working to expand the Supplemental Coverage Option to additional crops and counties for 2016," said Brandon Willis, Risk Management Agency Administrator. "For rice, RMA hopes to include all counties that currently have a rice crop insurance policy."

 

Recently, the Federal Crop Insurance Corporation Board approved a margin protection pilot program that will be available for rice producers.

 

Questions were also raised regarding the rulemaking process to define "significant contribution of active personal management" which would further define which producers are eligible to participate in Farm Service Agency (FSA) commodity programs.  

 

FSA staff stated that once the Secretary's proposed rule is published there will be ample time for public comment.  The final rule, they added, will not be implemented mid-crop year and could possibly be delayed until the 2016 crop year to ensure public comments are considered, and FSA staff have time to correctly implement the rule.

 

Contact: Ben Mosely (703) 236-1471

WTO Rules U.S. Is Anything But COOL      

COOL WASHINGTON, DC - Last week, the World Trade Organization (WTO) released a report concluding that the United States' Country of Origin Labeling (COOL) rule is not WTO compliant, paving the way for Canada and Mexico to proceed with retaliatory measures against U.S. products. Canada has published a lengthy retaliation list that includes import duties of 100 percent on U.S. rice.

 

Canada and Mexico claim COOL, which requires cuts of meat be labelled according to where the animal was born, raised, and processed, discriminates against meat originating within their borders, because providing this information consistently would be too onerous for the countries' industries.

 

The WTO agreed.

 

"The WTO process permitting member countries to impose retaliation is lengthy, so the earliest date when Canada and Mexico could retaliate if the issue is not settled is likely December 2015," explained Bob Cummings, USA Rice Federation's COO.

 

Cummings said USA Rice is an active member of the COOL Coalition, a group of companies and associations that advocate for the U.S. to come into compliance with our WTO obligations.

 

This morning, the COOL Coalition sent a letter to Congress urging them to grant the U.S. Department of Agriculture authority to rescind noncompliant elements of the COOL rule. The letter was signed by USA Rice and 108 other members of the coalition.

 

On its website, the COOL Coalition has an interactive map of the U.S. exports on that would be affected by a 100 percent duty.

 

Contact: Kristen Dayton (703) 236-1464

Weekly Rice Sales, Exports Reported        

WASHINGTON, DC -- Net rice sales of 93,700 MT for 2014/2015 were up 19 percent from the previous week and 53 percent from the prior four week average, according to today's Export Sales Highlights report.  Increases were reported for Turkey (40,000 MT), Haiti (25,600 MT), Japan (12,000 MT), El Salvador (6,200 MT), and Canada (3,400 MT). 

Exports of 61,500 MT were up 7 percent from the previous week and 53 percent from the prior 4-week average.  The primary destinations were Mexico (28,600 MT), El Salvador (8,500 MT)Haiti (6,600 MT), Guatemala (4,500 MT), and Canada (4,400 MT).

This summary is based on reports from exporters from the period October 17-23.
CME Group/Closing Rough Rice Futures   
CME Group (Prelim):  Closing Rough Rice Futures for October 30.


Month
Price
Net Change
November 2014$11.910
- $0.220
January 2015$12.210
- $0.165
March 2015$12.490
- $0.155
May 2015$12.755
- $0.135
July 2015$12.935
- $0.135
September 2015$12.300
- $0.135
November 2015$12.200
- $0.135


In the News 

Around the Country

AgriLife Extension Sets More Farm Bill Decision-Aid Meetings AgriLife

Many states, such as Texas, are blanketing the state with educational meetings for farmers on the intricacies of the new farm bill to help producers through the new bill's decision-making process.

 

Arkansas Farmers: 'We Need a Good Farm Bill' NBC News

Three farmers in Crawford, Arkansas tell Chuck Todd that the Farm Bill impacts how they vote on the sixth stop of the "Meet the Voters" road trip.

 

Cheap Sushi May Be the California Drought's Next Victim Grub Street

Because Sacramento Valley rice "makes or breaks sushi" nationwide, restaurants are reluctant to buy from elsewhere, even though owners already report an 8 percent spike in prices.

 

Farmland the Movie: Hearing from Farmers First-Hand National Geographic

There's a documentary about farming, called Farmland, that was released in the spring and that is free to watch on Hulu for the next several days.

 

Around the World

Cambodia Rice Yields Lowest The Phnom Penh Post

Cambodia's average rice yield ranks the lowest among almost all Southeast Asian nations.

 

Japan Aims to Fill Bigger Share of Global Rice Bowl Nikkei Asian Review

Exports of high-quality Japanese rice are increasing to meet surging global demand. In 2013, exports reached a record high of over 3,000 tons.

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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

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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.