|
|
|
| USA Rice Daily
Up-to-the-Minute News on Issues and Activities
|
|
|
Vilsack Says Rice PLC Payments Begin in November
|
|
| |
Betsy Ward and Secretary Vilsack earlier this year
|
WASHINGTON, D.C.-Today, U.S. Department of Agriculture (USDA) Secretary Tom Vilsack announced that nearly 1 million farmers will receive safety-net payments from the Agriculture Risk Coverage (ARC) or Price Loss Coverage (PLC) programs beginning next month. Established as part of the 2014 Farm Bill, this new program ensures producers are protected from marketplace events resulting in unexpected drops in crop prices and revenues.
After marketing year average prices are published by USDA's National Agricultural Statistics Service, payments will be made to producers of a variety of crops including rice. If triggered, any disbursements to participants in ARC-County or PLC for long and medium grain rice will occur in November, as will ARC-individual payments.
"This new safety-net payment program made possible by the 2014 Farm Bill will benefit rice farmers who have been impacted by unpredicted market forces," said USA Rice Chairman Dow Brantley. "While the need for these payments is unfortunate, the timely manner in which USDA is dealing with them is welcome."
The ARC/PLC programs allow producers to continue production for the market by making payments on a percentage of historical base production. Ninety-nine percent of long grain rice farms and 94 percent of medium grain rice farms elected the PLC option. For more payment data and other program information visit www.fsa.usda.gov/arc-plc.
|
USA Rice Congratulates New Rice Farming Editor Vicky Boyd
|
MEMPHIS, TN -- One Grower Publishing has announced the hiring of Vicky Boyd as editor of Rice Farming and Soybean South publications. She also will be the managing editor of Cotton Farming magazine. Boyd is based in Modesto, California.
"On behalf of USA Rice, I want to congratulate Vicky on taking the reins at Rice Farming," said USA Rice President and CEO Betsy Ward. "Vicky knows rice and she is well known in the rice industry. In fact, she's a graduate of the Rice Leadership Development Program. We look forward to seeing Vicky at the USA Rice Outlook Conference in December and to working with her in the future."
Ward also expressed appreciation to Carroll Smith, former Rice Farming and Soybean South editor, who is now editor of Cotton Farming magazine as well as associate publisher of One Grower Publishing and special projects manager.
"We join Carroll's many friends from throughout the rice industry in thanking her for the outstanding job she has done covering rice issues," Ward said.
One Grower Publishing is a privately owned company that produces Cotton Farming, Rice Farming, The Peanut Grower, Soybean South and Corn South magazines with the editorial focus of profitable production strategies.
|
| CME Group/Closing Rough Rice Futures | CME Group (Prelim): Closing Rough Rice Futures for October 26
| November 2015 | $11.650 |
- $0.200
| |
January 2016
| $11.935 |
| |
March 2016
| $12.400 |
- $0.195
| | May 2016 | $12.600 |
- $0.185
| | July 2016 | $12.800 |
- $0.210
| | September 2016 | --
|
- $0.040
| November 2016
| --
|
- $0.040
|
|
|
In the News
| |
Around the Country
Many California farmers are focusing on crops that generate greater returns on their water usage. They are growing less rice, alfalfa and cotton-commodities for which California has many competitors-and more grapes, almonds and other crops in which the state has big market shares and strategic advantages.
Around the World
Mars Food will use the standard as a benchmark against which to assess its rice supply chains - identifying where there are gaps and developing strategies to improve sustainability. Mars Food has already begun piloting implementation of the standard with rice farmers in two countries - Pakistan and India.
An Iraqi Trade Ministry media adviser killed last month by a bomb attached to his car had been about to hand over files accusing the ministry of corruption to the country's Integrity Commission, officials in the ministry's legal department told Reuters. Four Trade Ministry security guards confessed to blowing up Trade Minister Milas Mohammed Abdul Kareem's media adviser, Nadhim Naeem.
Tariffs and Trade
Next up in the University of Arkansas' Food and Agribusiness Webinar Series: "U.S.-Cuba Agricultural Trade: Past, Present and Possible Future" (Oct. 28, 2 p.m.) with presenters Nathan Childs and Stephen Zahniser, agricultural economists with USDA's Economic Research Service.
"If countries continue to find ways to offset the concessions made during agreements, there will be little reason (for farmers) to continue to support trade liberalization," said Dermot Hayes, professor of economics and finance at Iowa State University.
|
|
|
|
|
| Upcoming Events | Events Calendar
|
| Mission Statement | | USA Rice 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 USA Rice.
Copyright © 2015. Please direct comments or questions to the editor or contact name listed for each story. |
|
|
|
|
|
|
