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IN THIS ISSUE:

  • DONALD TRUMP, HOUSE AND SENATE REPUBLICANS, PREVAIL
  • WELCOME TREY BARKER TO THE USRPA!
  • MARKET UPDATE: USDA’S SUPPLY / DEMAND REPORT MARGINALLY BULLISH FOR RICE MARKET

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Donald Trump, House and Senate Republicans, Prevail

[vc_column_text css=”.vc_custom_1478898504344{border-top-width: 3px !important;border-right-width: 1px !important;border-bottom-width: 1px !important;border-left-width: 1px !important;padding-top: 10px !important;padding-right: 10px !important;padding-bottom: 10px !important;padding-left: 10px !important;border-left-color: #81d742 !important;border-left-style: solid !important;border-right-color: #81d742 !important;border-right-style: solid !important;border-top-color: #81d742 !important;border-top-style: solid !important;border-bottom-color: #81d742 !important;border-bottom-style: solid !important;}”]In an unpredicted twist, Donald Trump is projected to become the 45th President of the United States. As votes are still being counted, Trump is predicted to carry 306 electoral votes, with Hillary Clinton earning 232. As of this writing, Clinton holds a lead in the popular vote.

Many are still trying to understand exactly what a Donald Trump presidency will entail. The Trump administration will be involved in 2018 Farm Bill negotiations, implement GMO labeling rules, and will likely repeal the Waters of the U.S. rule and other Obama administration regulations. Earlier this year, Trump’s campaign named a roughly 70-member agriculture advisory committee whose membership advised on agriculture and rural issues. More than likely, those members will shape the future of U.S. agriculture policy under the new administration. Some of the names include former Texas Governor Rick Perry, Texas Commissioner of Agriculture Sid Miller, Kansas Governor Sam Brownback, Nebraska Governor Dave Heineman, Representatives Mike Conaway (R-TX) and Robert Aderholt (R-AL), and Senator Pat Roberts (R-KS).

The House and Senate Agriculture Committees are unlikely to see major changes, as Representative Mike Conaway (R-TX) and Senator Pat Roberts (R-KS) are expected to remain in their leadership posts. With the retirement of House Agriculture Committee members Dan Benishek (R-MI) and Randy Neugebauer (R-TX), and other movement, there will likely be open seats for new members on the committee. Potential new committee members include Roger Marshall (R-KS), James Comer (R-KY), and Jodey Arrington (R-TX).

With the retirement of Ranking Member Sam Farr (D-CA), the House Agriculture Appropriations Subcommittee will see new leadership. Likely, Georgia Representative Sanford Bishop will ascend to the Ranking Member position. Alabama Republican Robert Aderholt will likely keep his chairmanship of the subcommittee. On the Senate Agriculture Appropriations Subcommittee, Senators Jerry Moran (R-KS) and Jeff Merkley (D-OR) are likely to keep their leadership positions.

The USRPA D.C. team will continue to study the long-term impacts and priorities of the new Congress and the Trump administration.

Every two years, USRPA’s representative in Washington, DC, Cornerstone Government Affairs produce an election analysis immediately after the mid-term or presidential election.  This report helps define and assess the challenges and opportunities born out of the election and the upcoming new administration and Congress.  As expected, information flows at an usually fast pace these days, and some of the content may become quickly outdated.  CGA will continue to provide updates to sections of the report as situations warrant.  A link is provided where you can find this year’s report http://www.cgagroup.com/.

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Welcome Trey Barker to the USRPA!

[vc_column_text css=”.vc_custom_1478902681839{margin-bottom: 15px !important;border-top-width: 3px !important;border-right-width: 1px !important;border-bottom-width: 1px !important;border-left-width: 1px !important;padding-top: 5px !important;padding-right: 10px !important;padding-bottom: 10px !important;padding-left: 10px !important;border-left-color: #81d742 !important;border-left-style: solid !important;border-right-color: #81d742 !important;border-right-style: solid !important;border-top-color: #81d742 !important;border-top-style: solid !important;border-bottom-color: #81d742 !important;border-bottom-style: solid !important;}”]2016-headshot-trey-barker-web

 

Trey Barker is from a 5th generation rice farming family in Texas. Trey is responsible for Member Services at USRPA. Barker recently graduated from Texas A&M University majoring in Agriculture Leadership Education & Development.

Trey Barker has a passion for production agriculture and connecting with others in the rice and cattle industries. Barker also enjoys hunting, fishing, agriculture photography and leather tooling when he isn’t working on the farm in Katy. Barker is motivated
by helping others and has plans to travel to Haiti doing mission work in 2017.[/vc_column_text][vc_column_text css=”.vc_custom_1478900573032{margin-top: 20px !important;margin-right: 10px !important;margin-bottom: 20px !important;margin-left: 10px !important;border-top-width: 2px !important;border-right-width: 2px !important;border-bottom-width: 2px !important;border-left-width: 2px !important;padding-top: 25px !important;padding-right: 25px !important;padding-bottom: 25px !important;padding-left: 25px !important;background-color: #ffffff !important;border-left-color: #aa3027 !important;border-left-style: double !important;border-right-color: #aa3027 !important;border-right-style: double !important;border-top-color: #aa3027 !important;border-top-style: double !important;border-bottom-color: #aa3027 !important;border-bottom-style: double !important;}”]The latest Texas Rice Crop Survey reports (updated through Friday, November 11, 2016) are available through the Beaumont Center web site at http://beaumont.tamu.edu/CropSurvey/

The crop survey provides detailed data on rice acreage across the Texas rice belt, including information on varieties and crop development.[/vc_column_text]

Market Update: USDA’s Supply / Demand Report Marginally Bullish for Rice Market

[vc_column_text css=”.vc_custom_1478902298709{margin-bottom: 15px !important;border-top-width: 3px !important;border-right-width: 1px !important;border-bottom-width: 1px !important;border-left-width: 1px !important;padding-top: 5px !important;padding-right: 10px !important;padding-bottom: 10px !important;padding-left: 10px !important;border-left-color: #81d742 !important;border-left-style: solid !important;border-right-color: #81d742 !important;border-right-style: solid !important;border-top-color: #81d742 !important;border-top-style: solid !important;border-bottom-color: #81d742 !important;border-bottom-style: solid !important;}”]With the presidential election having finally drawn to a close, an otherwise action packed week has been business as usual for the rice world. Export sales were up significantly over the previous weeks volume as rice continues to see commitments from overseas. This is a huge step in the right direction as the export values have been lagging against expectations. While one week is not nearly enough to impact the market, consistency is key and hopefully future sales will continue at a smilar pace. Vessel loadings were off as compred to last week’s values but with the new sales on the books will likely surge in the short run as well. Asian pricing has slid somewhat since the last report, attritutable to a very large extent to the fluctuation currencies following the election headlines. With the dollar surging against other currencies, it will be difficult for the U.S. to compete against Asian rice in international markets. The domestic markets have also been fairly mundane with no significant changes reported over the past week either. Growers are in a position where there is a tremendous quantity of new crop rice, much of which is of poor quality, in an environment of low prices. The result is an unenviable paradox, especially for producers that have liquidity problems. The futures market was very active this week on a multitude of factors. Not only did the election influence the markets, but the following day (Wednesday) the USDA released its World Market Price estimate as well as its monthly World Agricultural Supply and Demand Estimate (WASDE). The triple shock that went through the market was more than the fragile grain complex could handle. As a result the open contracts on the board all shed additional value ending 1.6%-1.8% lower than last week. With regard to the USDA reports, the World Market Prices were held constant from the previous report. The Supply and Demand report was actually marginally bullish for rice but the market was overwhelmed by the combination of factors. On the supply side, production was reduced by 1.2 million hundredweights as a result of a decreased yield projection of 39 pounds per acre to 7,493 pounds per acre. This reduction was exclusive to Arkansas and Missouri. Of this 1.2 million hundredweight reduction, 0.9 million hundredweights were attributable to long grain varieties. The demand side of the equation saw no significant changes to the final number, although offsetting revisions to the rough and milled export columns were reported (increased rough exports were offset by an equivalent decrease in milled rice volume). The end result was a decrease in ending stocks by 1.2 million hundredweights and a season average farm price of $10.10-$11.10. Even with the current revisions, the 2016 crop remains one of the largest in recent memory and will require time to move into the market place. The best solution for the industry as a whole is to keep working through the inventory one month at a time and look for brighter options on the horizon.

 

2016-11-11_rmu[/vc_column_text][vc_single_image image=”1171″ alignment=”center” style=”vc_box_shadow_3d” onclick=”custom_link” img_link_target=”_blank” link=”http://www.ricemtconvention.com”][vc_single_image image=”1172″ alignment=”center” style=”vc_box_shadow_3d” onclick=”custom_link” img_link_target=”_blank” link=”http://nctd.net/”][vc_column_text css=”.vc_custom_1478902858837{border-top-width: 1px !important;border-right-width: 1px !important;border-bottom-width: 1px !important;border-left-width: 1px !important;padding-top: 10px !important;padding-right: 10px !important;padding-bottom: 10px !important;padding-left: 10px !important;border-left-color: #d33030 !important;border-left-style: solid !important;border-right-color: #d33030 !important;border-right-style: solid !important;border-top-color: #d33030 !important;border-top-style: solid !important;border-bottom-color: #d33030 !important;border-bottom-style: solid !important;border-radius: 1px !important;}”]

Arkansas Rice Update – 2016 Season Review

Please find “Reviewing the 2016 Arkansas Rice Season.”  It is intended to provide a general overview of the 2016 growing season and issues that occurred.

Click here: http://www.arkansas-crops.com/2016/11/09/reviewing-the-2016-arkansas-rice-season/ [/vc_column_text][/vc_column][/vc_row][vc_row css=”.vc_custom_1477697377878{border-top-width: 1px !important;border-right-width: 1px !important;border-bottom-width: 1px !important;border-left-width: 1px !important;border-left-color: #1629a3 !important;border-left-style: solid !important;border-right-color: #1629a3 !important;border-right-style: solid !important;border-top-color: #1629a3 !important;border-top-style: solid !important;border-bottom-color: #1629a3 !important;border-bottom-style: solid !important;border-radius: 3px !important;}”][vc_column][vc_single_image image=”1166″ alignment=”center” css=”.vc_custom_1478292913956{margin-top: 25px !important;}”]

Food and Agriculture Regulatory and Policy Roundup

Congress News / USDA Reports & News / White House News and More...

[/vc_column][/vc_row][vc_row][vc_column][vc_column_text css=”.vc_custom_1478903337863{border-top-width: 1px !important;border-right-width: 1px !important;border-bottom-width: 1px !important;border-left-width: 1px !important;padding-top: 10px !important;padding-right: 10px !important;padding-bottom: 10px !important;padding-left: 10px !important;border-left-color: #81d742 !important;border-left-style: solid !important;border-right-color: #81d742 !important;border-right-style: solid !important;border-top-color: #81d742 !important;border-top-style: solid !important;border-bottom-color: #81d742 !important;border-bottom-style: solid !important;}”]USDA Reports Next Week

RCS: Rice Outlook (ERS)                                    Monday, November 14, 2016

Crop Progress (NASS)                                        Monday, November 14, 4:00 pm

Weekly Export Sales (FAS)                                 Thursday, November 17, 8:30 am

All USDA reports are available by visiting

http://www.usda.gov/wps/portal/?navid=AGENCY_REPORTS=RT.

[/vc_column_text][vc_column_text css=”.vc_custom_1478290390622{border-top-width: 1px !important;border-right-width: 1px !important;border-bottom-width: 1px !important;border-left-width: 1px !important;padding-top: 10px !important;padding-right: 10px !important;padding-bottom: 10px !important;padding-left: 10px !important;border-left-color: #81d742 !important;border-left-style: solid !important;border-right-color: #81d742 !important;border-right-style: solid !important;border-top-color: #81d742 !important;border-top-style: solid !important;border-bottom-color: #81d742 !important;border-bottom-style: solid !important;}”]Calendar

November 15, 2016        Crop Decision Aid Workshop

December 7-9, 2017        FECARROZ Board Meeting, Houston, TX

January 18, 2017            Texas Rice Council Annual Mtg & Western Rice Belt Conf., El Campo

Jan. 30-Feb. 1, 2017        20th Annual NCS Cotton & Rice Conference, Baton Rouge, LA

For economic analysis on agricultural efficiency, efficacy, and equity issues: www.ers.usda.gov

Texas Rice from A&M AgriLife Research Ctr. at Beaumont: http://beaumont.tamu.edu/eLibrary/eLibrary_default.htm

AgFax – Editor: Owen Taylor: www.agfax.com[/vc_column_text][/vc_column][/vc_row][vc_row][vc_column][vc_column_text]logo-01

2825 Wilcrest Dr., Ste. 218
Houston, TX 77042
Phone: (713) 974-7423
Fax: 713-974-7696
https://usriceproducers.com/
http://www.riceromp.com

www.facebook.com/usrpa[/vc_column_text][vc_separator color=”green” border_width=”3″][vc_column_text]USRPA does not discriminate in its programs on the basis of race, color, national origin, gender, religion, age, disability, political beliefs, or marital/family status. Persons with disabilities who require alternative means for communication of information (such as Braille, large print, sign language interpreter) should contact USRPA at 713-974-7423.[/vc_column_text][/vc_column][/vc_row]

Categories: Rice Advocate

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