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Up-to-the-Minute News on Issues and Activities
Thursday, May 21, 2015

USA Rice, Dow AgroSciences Team Up on Rice Month Scholarships; $8,500 in Awards Available   

 
2014 Grand Prize Winner 
Nicholas Schafer 
INDIANAPOLIS, IN -- Dow AgroSciences continues its commitment to the agriculture industry by sponsoring the USA Rice Federation National Rice Month Scholarship Program, expanding the opportunity from students in U.S.-rice producing counties to students in all U.S. rice-producing states.

High school graduates in the 2015-16 school year are encouraged to apply for scholarships totaling $8,500. To apply, students must create a promotional program that highlights U.S.-grown rice for National Rice Month in September. Applicants can submit a synopsis of their promotion in a variety of ways, including in video format, which will be accepted this year for the first time.

The scholarship program is now open to students who live in any county in Arkansas, California, Louisiana, Mississippi, Missouri, and Texas. Three scholarships will be awarded based on the originality and effectiveness of the winning entries.

"We are thrilled Dow AgroSciences is supporting this scholarship program for the sixth year in a row and opening up the opportunity to all youth in rice-producing states," says Darla Huff, rice product manager, Dow AgroSciences. "Supporting our youth and educating the public about agriculture is integral to the success of the rice industry."

Because the scholarship emphasizes education, the students' efforts also help build awareness of the valuable contributions the rice industry makes to this country's economy, Huff says.

Nicholas Schafer, a high school senior from Carlisle, Arkansas, was the grand-prize scholarship winner in 2014 for his promotion titled "Do you Know Where Your Rice Comes From?" The promotion educated children from his community about the origin of their food and the intricacies of farming.

"They need to understand all the hard work put into growing rice," Schafer says. "It's not just something you get from a grocery store. There's a lot behind it, and they need to understand the importance of where it comes from."

Promotions must be executed in September, and applications must be submitted by Oct. 15, 2015. Scholarship forms and additional guidelines are available at the USA Rice Federation website.

"The USA Rice Federation is proud to once again partner with Dow AgroSciences, which funds these three scholarship awards, to support the rice industry and education of our youth," says Betsy Ward, president and CEO of the USA Rice Federation. "Students who participate do an excellent job promoting the importance of U.S.-grown rice and its role in their home states."

The grand-prize winner will receive a $4,000 scholarship and a trip with a chaperone this December to the award ceremony at the 2015 USA Rice Outlook Conference in New Orleans. The second-place winner will receive a $3,000 scholarship, and the third-place winner will receive a $1,500 scholarship.  

Contact:  Amy Doane (703) 236-1454

Weekly Rice Sales, Exports Reported        

WASHINGTON, DC -- Net rice sales of 10,900 MT for 2014/2015 were down 47 percent from the previous week and 83 percent from the prior four-week average, according to today's Export Sales Highlights report. Increases were reported for Honduras (7,400 MT), Canada (2,600 MT), Jordan (1,300 MT), unknown destinations (600 MT), and Lebanon (200 MT). Decreases were reported for Ghana (1,200 MT), Mexico (900 MT), and Colombia (200 MT).

Exports of 86,400 MT were up 50 percent from the previous week and 27 percent from the prior four-week average. The primary destinations were Mexico (22,400 MT), South Korea (22,000 MT), Haiti (20,600 MT), Japan (13,100 MT), and Canada (3,000 MT).

This summary is based on reports from exporters from the period May 8-14.
CME Group/Closing Rough Rice Futures   
CME Group (Prelim):  Closing Rough Rice Futures for May 21

Month
Price
Net Change
July 2015$9.615
+ $0.045  
September 2015
$9.880
+ $0.040
November 2015
$10.135
+ $0.045
January 2016$10.390
+ $0.035
March 2016$10.455
+ $0.035
May 2016$10.455
+ $0.035
July 2016
$10.455
+ $0.035

In the News 

Around the Country

Update: AR Department of Agriculture Waiting for Audit Results of $15M in Out-of-State Account Arkansas Matters

Earlier this month the Rice Research and Promotion Board had voted to move the funds to the Rice Foundation for investment and never reported the funds to state financial officials. Agriculture secretary Wes Ward, says he's heard from many farmers about the issue and discussions have raised the question of if the department should be overseeing those funds instead.

 

 

Around the World

Powerful Countries are Buying Up Much of the World's Land Washington Post

With a few notable exceptions, the more developed countries of North America and Europe, Asia's emerging economies, and the oil exporters of the Middle East are the ones buying up land, while the countries selling land are poorer nations in Africa, South America, Southeast Asia and Eastern Europe.

 

 

Tariffs and Trade

House Ag Committee Clears COOL Repeal Bill Agri-Pulse

H.R. 2393 is in reaction to the WTO decision and seeks to avoid economic retaliation from Canada and Mexico by simply repealing the offending provisions of the COOL law.

 

Pacific Trade Pact is a Good Deal for Rice Farmers, Waterfowl Sacramento Bee

Strong demand for rice, wheat, tomatoes and other crops grown in the Sacramento Valley ensures that farmers will continue to grow those crops and that our region and the plethora of wildlife that utilize them, continue to enjoy the water that irrigates those fields.

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