Today’s announcement from the Administration of trade agreement with South Korea is helpful for California Rice. The agreement provides certainty in demand and greater access to one of our most important overseas markets.
Here’s a link to more information from the U.S. Department of Agriculture. Additional information can also be found in this article in the USA Rice Daily.
by USA Rice
Today, the U.S. Department of Agriculture’s Farm Service Agency launched the Emergency Commodity Assistance Program (ECAP), providing $10 billion in economic relief to producers of eligible commodities for the 2024 crop year.
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“Unquestionably, rice agriculture plays a significant role in providing food resources and wildlife habitat to many species of California native birds, reptiles, amphibians, and fishes.” – A Conservation Footprint for California Rice, UC Davis, January 2025
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Working with Tim Kelleher, we have updated the decision tool that assists growers in calculating expected PLC and ARC payments. As previously noted, PLC target price for 2025 is $19.90. Here is a link to the updated tool.
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