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Rice Acreage Goes Up in Louisiana, Prices Fall

July 14, 2014
rice field
Eric Webster, LSU AgCenter weed scientist, talks at the Vermilion Parish Rice and Soybean Field Day on July 8 at the Lounsberry Farm near Lake Arthur.   
 
 

By Bruce Schultz, LSU AgCenter

LAKE ARTHUR, La. – Rice prices have fallen because of a big jump in Arkansas rice acreage, an LSU AgCenter agricultural economist said at the Vermilion Parish Rice Field Day on July 8.

Mike Salassi said Arkansas acreage was approximately 1 million acres last year, but it increased by 500,000 acres this year.

The long-term price forecast puts the long-grain price at $20 to $22 a barrel ($12.80 to $13.80 per hundredweight), and $29 to $31 a barrel ($18.20 to $19.20 per hundredweight) for medium-grain.

Nationwide, the total rice acreage averages around 2.8 million to 3 million, Salassi said, but that total could exceed 3 million this year. But, he said, there has been a decline in medium-grain and short-grain acreage, as well as a reduction in carryover stocks from last year.

Louisiana’s total is estimated at 455,000 acres, compared to 420,000 for last year.

Salassi advised farmers to begin preparing for enrollment in the new farm bill after Jan. 1. He said several important decisions will have to be made in the next few weeks, and the LSU AgCenter will have material to assist farmers with the decision-making process.

Also at the field day, LSU AgCenter rice breeder Steve Linscombe said few acres of Jazzman rice are being grown in Louisiana this year because of sharp competition from other countries in the overseas market. Most Jazzman rice grown in Louisiana was destined for export markets, he said.

Linscombe said a new Clearfield Jazzman developed by the LSU AgCenter is being grown for seed this year, and it will be released for commercial production next year.

Linscombe said the new checkoff program approved by the Louisiana Legislature and signed by Gov. Bobby Jindal is a positive step for rice research. Without the checkoff program, he said, work at the Rice Research Station would be reduced. "I promise you if we didn’t have the checkoff, we wouldn’t be doing any work off-station," he said.

Linscombe said off-station trials at the Lounsberry Farm, where the field day was held, has been conducted for 30 years.

He said a new cereal chemistry lab at the Rice Research Station will mean experimental lines of rice will no longer have to be sent to out of state labs for cereal chemistry analyses. That new capability was funded by the Louisiana Rice Research Board’s allocation of checkoff funds.

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RELATED TOPICS: Crops, Other Crops, Rice

 

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