Tuesday, February 7, 2023

Industry News: December 2022

2021 CY PLC payment rates for long grain/medium grain rice

Dr. Michael A. Deliberto, LSU AgCenter Agricultural Economics & Agribusiness, says the 2021 national marketing year average (MYA) prices for long grain rice and medium grain rice have been published by the U.S. Department of Agriculture.

The Price Loss Coverage (PLC) program provides price support when a covered commodity’s national MYA price is less than the statutorily-established reference price. For the 2021 marketing year, a PLC program payment is triggered for both classes of rice. The PLC program payment rates for long grain and Southern medium grain rice are $0.40/cwt and $0.10/cwt, respectively.

PLC program payments ($/acre) are calculated by multiplying the PLC payment rate by the farm’s program yield for each covered commodity.

PLC program payments are made on 85% of the farm’s base acres for a covered commodity. Farm program payments are subject to payment limits and budget sequestration cuts.

Mississippi rice specialist

Hunter Bowman has been named rice specialist for the Mississippi State University Extension Service.

The Arkansas native joined MSU Extension in January 2022 as an instructor and was promoted to assistant professor before beginning his new role July 1. Bowman holds two degrees from the University of Arkansas and recently completed his doctorate from MSU in its Department of Plant and Soil Science.

Hunter Bowman, MSU Extension Service Rice Specialist

While completing his doctoral work, Bowman was a graduate research assistant at MSU. He also has experience in crop consulting, field management, seed testing and sales for ag vendors, such as Corteva Agriscience and Pinnacle Agriculture.

Bowman is based at the MSU Delta Research and Extension Center in Stoneville.

“The rice industry is very important to the Delta region of Mississippi. Having a young, energetic Extension specialist such as Dr. Bowman will be an asset to that industry and to Extension efforts in the region,” said Jeff Gore, interim head of the R&E Center.

New Arkansas FireSMART app for prescribed burning

The Arkansas Department of Agriculture and the Arkansas Department of Energy and Environment announce the launch of the Arkansas FireSMART mobile application. This app, created with funding from the Environmental Protection Agency, offers row crop producers and forest landowners an easy way to check conditions and report prescribed burns.

With the new app, producers can select the area they plan to burn on a map and the application will generate real-time weather data, letting producers know if current conditions align with the state’s Voluntary Smoke Management Guidelines.

Under Voluntary Smoke Management Guidelines, producers and landowners report prescribed burns to the Arkansas Department of Agriculture’s Dispatch Center. The FireSMART app also streamlines this process, making the app a one-stop shop for reporting and information. 

In row crop production, prescribed fire is used in the fall as part of crop management plans to remove stubble. Prescribed burning is an efficient and economical control method for preparing fields for the next growing season and eliminating pests and diseases. Burning crop residue also allows for no-till or reduced-till planting during the next growing season.

 Prescribed burning provides many benefits to forest landowners including vegetation control, ecosystem restoration and wildlife habitat improvement. Additionally, prescribed fire makes landscapes more resistant to wildfires by removing flammable debris and vegetation.

Access the new FireSMART app at arkfiresmart.com/. Read more about prescribed fire and its benefits at bit.ly/pres burn. Find the Voluntary Smoke Management Guidelines at agriculture.arkansas.gov/arkansas-voluntary-smoke-management-guidelines/.

USA Rice/CFTC Agricultural Advisory Committee

USA Rice reports that Jason Wheeler, a grain merchandising specialist at White Commercial and immediate past chair of the USA Rice Futures Contract Working Group, has been appointed to represent USA Rice on the Commodity Futures Trading Commission’s (CFTC) Agricultural Advisory Committee (AAC).

Created in 1985, the AAC advises the Commission on issues involving the trading of agricultural commodity futures and options, as well as facilitates communications between the CFTC, the ag community and agriculture-related organizations.

In this role, Wheeler will represent the views and interests of USA Rice to the Commission over a two-year term. Wheeler assumes this role following a decade of service on the AAC by Louisiana rice farmer John Owen.

“I want to congratulate Jason on his appointment, and I look forward to him representing the interests of the U.S. rice industry on the CFTC’s Agricultural Advisory Committee,” said John Morgan, chair of the USA Rice Futures Contract Working Group. “I also want to thank John Owen for his service on this important committee over the past decade.”

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