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| Directions l American Farm Bureau l Farm Bureau Bank l Privacy Policy l Contact Us l Help l Site Map |
The Voice of Louisiana Agriculture
Welcome to the Louisiana Farm Bureau Federation
| Directions l American Farm Bureau l Farm Bureau Bank l Privacy Policy l Contact Us l Help l Site Map |
Welcome to the Louisiana Farm Bureau Federation
Welcome to the Louisiana Farm Bureau Federation
The Voice of Louisiana Agriculture
NEW ORLEANS-- Rice prices are likely to continue a slow decline from the record-high prices in the past
few years, although the prices will remain good on average, rice farmers were told at their commodity
meeting at the Farm Bureau Convention on July 28.
The international markets affect the prices Louisiana farmers receive, and Thailand and Vietnam continue
to be the No. 1 and 2 competitors, according to Michael Creed with Creed Rice Marketing of Houston.
Cuba, a potential market for U.S. rice, imports most of its rice from Vietnam. Although President Barak
Obama is in favor of trade with Cuba, “we don’t see it coming in the near future,” Creed said.
Mexico, on the other hand, is a good, steady market for U.S. rice.
“Thank goodness for Mexico,” Creed said.
Currently, there are premium prices for medium-grain rice worldwide. Although Louisiana farmers produce
more long-grain than medium-grain rice, they will have the opportunity to produce more medium-grain in
the future. The LSU AgCenter may be releasing a new medium-grain in the next couple of years, said Dr.
Steve Linscombe, director of the Rice Research Station in Crowley, La.
“It will be our first medium-grain rice released in the Clearfield line,” Linscombe said. Clearfield rice is a
herbicide-resistant rice developed at the LSU AgCenter that has boosted yields for southwest Louisiana
rice growers.
Linscombe said the Rice Station celebrates its 100th anniversary this year. Special events to
commemorate the event will be part of the annual field day set for July 1.
“The Rice Station was established to provide varieties of rice adapted to Louisiana conditions,” Linscombe
said. “We have developed 42 varieties since 1909.”
Dr. Mike Salassi, an LSU AgCenter economist, told the rice farmers that the new price support program
being offered by the U.S. Department of Agriculture – which is called Average Crop Revenue Election or
ACRE – is probably not a good alternative for Louisiana rice growers.
“The program favors crops where there are wider changes in price and yields than Louisiana rice farmers
have,” Salassi said. “The program is likely to be helpful to Midwest farmers.”
few years, although the prices will remain good on average, rice farmers were told at their commodity
meeting at the Farm Bureau Convention on July 28.
The international markets affect the prices Louisiana farmers receive, and Thailand and Vietnam continue
to be the No. 1 and 2 competitors, according to Michael Creed with Creed Rice Marketing of Houston.
Cuba, a potential market for U.S. rice, imports most of its rice from Vietnam. Although President Barak
Obama is in favor of trade with Cuba, “we don’t see it coming in the near future,” Creed said.
Mexico, on the other hand, is a good, steady market for U.S. rice.
“Thank goodness for Mexico,” Creed said.
Currently, there are premium prices for medium-grain rice worldwide. Although Louisiana farmers produce
more long-grain than medium-grain rice, they will have the opportunity to produce more medium-grain in
the future. The LSU AgCenter may be releasing a new medium-grain in the next couple of years, said Dr.
Steve Linscombe, director of the Rice Research Station in Crowley, La.
“It will be our first medium-grain rice released in the Clearfield line,” Linscombe said. Clearfield rice is a
herbicide-resistant rice developed at the LSU AgCenter that has boosted yields for southwest Louisiana
rice growers.
Linscombe said the Rice Station celebrates its 100th anniversary this year. Special events to
commemorate the event will be part of the annual field day set for July 1.
“The Rice Station was established to provide varieties of rice adapted to Louisiana conditions,” Linscombe
said. “We have developed 42 varieties since 1909.”
Dr. Mike Salassi, an LSU AgCenter economist, told the rice farmers that the new price support program
being offered by the U.S. Department of Agriculture – which is called Average Crop Revenue Election or
ACRE – is probably not a good alternative for Louisiana rice growers.
“The program favors crops where there are wider changes in price and yields than Louisiana rice farmers
have,” Salassi said. “The program is likely to be helpful to Midwest farmers.”
Rice prices likely to continue slow decline
By LINDA FOSTER BENEDICT
FB News Contributing Writer
FB News Contributing Writer
