USA Rice Daily
Up-to-the-Minute News on Issues and Activities
Wednesday, September 16, 2015
In Memory:  Pamela Steele   
Pam Steele 
USA Rice is deeply saddened by the sudden passing of Pamela Steele on Tuesday, September 15, 2015.  
 
A native of Hayti, Missouri, Sara Pamela Avis Steele, is survived by her husband, Gibb Steele, an active leader in the rice industry, her son, Gibson, his wife, Elisabeth, and their two daughters.
 
"Pam was a strong woman who cared deeply for her family and the land she and Gibb worked for so many years," said USA Rice President & CEO Betsy Ward.  "She was a true friend to many of us in the rice industry and we will greatly miss her and her wonderful spirit."
 
Visitation will be at Avon Methodist Church from 5-7 p.m. on Thursday.  Funeral services will be held Friday morning at 10 a.m. at the First Baptist Church, 407 Main Street, in Greenville.
 
USA Rice extends heartfelt condolences to Gibb, his family, and the friends of Pamela Steele.
Japan Academics Meet with USA Rice to Discuss Crop Insurance, Farm Programs    
 
Intellectual exchange 
ARLINGTON, VA -- Farm policy academics from Ibaraki University and Okayama University met with USA Rice Vice President of Government Affairs Ben Mosely and COO Bob Cummings today to discuss current U.S. rice support policies, especially crop insurance. 
 
Japan's Prime Minister Abe is seeking to reform Japan's rice sector in a bid to reduce costs and bring supply more in line with demand.  Current policies based on direct payments tied to area-restriction programs are not working, and Japan's government is looking to implement a new insurance-based regime by 2018. 
 
Mosely reviewed the Agriculture Risk Coverage (ARC) and Price Loss Coverage (PLC) programs provided under the 2014 Farm Bill, and explained new and existing crop insurance policies utilized by rice farmers. 
 
"It's clear Japan intends to move away from direct payments, and their farm policy experts were interested in knowing about the U.S. experience following the elimination of direct payments," said Mosely.  "We had a very informed exchange of views on the pros and cons of the various crop insurance options available to U.S. rice farmers and possible applications to Japan." 
 
USA Rice regularly hosts visiting agricultural specialists from Japan to discuss farm policy issues.
 
Contact:  Bob Cummings (703) 236-1473
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 2015 crop, which will become effective today at 7:00 a.m., Eastern Time (ET).  Rough rice prices decreased $0.10 per cwt for long grain and $0.11 per cwt for medium/short grain.

 
World Price
MLG/LDP Rate
 
Milled Value ($/cwt)
Rough ($/cwt)
Rough ($/cwt)
Long Grain
14.65
9.25
0.00
Medium/Short Grain
14.16
9.50
0.00
Brokens
  8.84
----
----

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
55.01/13.46
6.50
Medium/Short Grain
61.81/8.43
6.50
 
The next program announcement is scheduled for September 23, 2015.    
CME Group/Closing Rough Rice Futures   
CME Group (Prelim):  Closing Rough Rice Futures for September 16 

Month
Price
Net Change
November 2015$12.865
 - $0.105
January 2016$13.150
- $0.100
March 2016$13.360
- $0.100
May 2016$13.545
- $0.085
July 2016$13.700
- $0.040
September 2016
$12.870
- $0.015
November 2016
$12.870
- $0.015
In the News 
Around the Country
Gov. Asa Hutchinson named Ward to lead the Agriculture Department in March, passing over the state Agriculture Board's nominee. Looking for ways to expand foreign markets for Arkansas-produced crops has been a particular emphasis of his first six months on the job.
 
In an average year, California farmers create about 300,000 acres of managed wetlands, the California Rice Commission said. But last year, farmers were able to create only about 100,000 acres of habitat due to water supply limitations and this year, the rice acres converted to habitat may total as few as 50,000 acres.
 
 
Science and Technology
According to researchers, the relevance of the pathogen collection for rice blast is that it may offer opportunities to determine if the pathogen changes over time or to do other sorts of population genetics studies.
 
According to the new NASA study, American lawns are now the largest single crop grown in the United States. The study focused on American lawns and their impact on the environment and water resources. It notes that maintaining a well-manicured lawn uses as much as 900 liters of water per person per day.

 
Tariffs and Trade
"The package for U.S. rice market access in Japan as we understand it is not something we can accept, and we're urging USTR to continue to negotiate a better deal for U.S. rice," USA Rice Chief Operating Officer Bob Cummings said.
 
TPP aspires to be a template for future trade deals, including the next major trade deal for the United States - the Trans Atlantic Trade and Investment Partnership negotiations with the 28 nation European Union.
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