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Up-to-the-Minute News on Issues and Activities
Wednesday, January 7, 2015

Louisiana Rice Farmers Announce Plans for State Meeting    

JENNINGS, LA -- The Louisiana Rice Council (LARC) and the Louisiana Rice Growers Association (LARGA), Louisiana's two largest grower organizations, have scheduled their annual joint membership meeting for Tuesday, February 10.  The meeting will be held at a new location, the Grande Marais Center here, and will open with a trade show and reception at 4 p.m. followed by the program at 5:45 p.m.  Dinner will be served.

 

 
Eric Unkel 

"This meeting provides an annual report to rice farmers on programs funded by the Louisiana rice promotion check-off as well as timely information on other important issues," said Eric Unkel, a rice farmer from Allen Parish and LARC president.  "I encourage all rice industry stakeholders to attend."

 

The featured speaker will be Kevin Norton, state conservationist, U.S. Department of Agriculture's Natural Resources Conservation Service, who will discuss conservation opportunities for rice farmers through Farm Bill programs.  USA Rice Federation staff will report on the Federation's activities and promotional achievements.  Louisiana Department of Agriculture and Forestry Commissioner Mike Strain will address issues of concern to the Louisiana rice industry.

 

 
Jeffery Sylvester 

"This is the largest gathering of rice farmers in the state each year," said Jeffery Sylvester, an Evangeline Parish rice farmer and LARGA president.  "It's what makes this event the perfect place to display rice-related equipment, technology, products and services, and show support for the Louisiana rice industry."

 

USA Rice also will participate in the Central Louisiana Rice Growers Association Annual Membership meeting on Wednesday, February 11, 11 a.m. at Dean Lee Experiment station in Alexandria, LA, and the Northeast LA Rice Growers Association Rice Forum on Thursday, February 12, 9 a.m. at the Delhi Civic Center in Delhi, LA. 

 

For information on the meetings, including sponsorship and exhibit opportunities, contact Randy Jemison.

 

Contact:  Randy Jemison (337) 738-7009

CCC Announces Prevailing World Market Prices 
WASHINGTON, DC -- 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 2014 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
16.76
10.63
0.00
Medium-/Short-Grain
16.19
10.90
0.00
Brokens
10.11
----
----

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
55.83/12.59
6.50
Medium-/Short-Grain
62.39/7.92
6.50
 
The next program announcement is scheduled for January 14. 
CME Group/Closing Rough Rice Futures   
CME Group (Prelim):  Closing Rough Rice Futures for January 7

Month
Price
Net Change
January 2015$11.410
+ $0.050
March 2015$11.650
+ $0.045
May 2015$11.870
+ $0.045
July 2015$12.095
+ $0.035
September 2015$11.610
+ $0.040
November 2015$11.575
+ $0.045
January 2016
$11.725
+ $0.045


In the News 

Around Washington

FAA Grants Permits for Agriculture, Real Estate Drones ABC News

The FAA is under pressure from Congress, the drone industry and companies that want to use drones to provide broader access to U.S. skies. FAA officials had said they hoped to propose regulations to permit general commercial use of small drones by the end of 2014, but that deadline has slipped.

 

 

Around the Country

Barbarians at the Farm Gate Economist

Institutional investors such as pension funds see farmland as fertile ground to plough, either doing their own deals or farming them out to specialist funds.

 

Rice Farmers Want Export Restrictions Against Cuba Lifted KPLC-TV

Rice farmers like Brian Wild from Jeff Davis Parish say allowing rice exports to Cuba would make a big difference for growers in this region.

 

Rice May Become First Crop in Cap-and-Trade Program Appeal-Democrat

In a December meeting, the California Air Resources Board directed staff to begin the process for including rice in the cap-and-trade program, which is part of a statewide program to reduce greenhouse gas emissions to 1990 levels by 2020.

 

 

Health and Nutrition

Environmental Impacts Will Not Be Part of Updated Federal Dietary Guidelines Vice News

While the DGAC did review literature on sustainable diets, the USDA says the effects of food production on the planet will not factor in to its final dietary guidelines.

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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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