USA Rice Daily, Thursday, February 4, 2010
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USA Rice Daily
Up-to-the-Minute News on Issues and Activities
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USA Rice Federation is the global advocate of all segments of the U.S. rice industry with a mission to promote and protect the interests of producers, millers, merchants and allied businesses.
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Thursday, February 4, 2010
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| New Payment Rules Should Not Adversely Affect Rice Producers, Langley Says |
 CROWLEY, LA -- USA Rice Federation VP Government Affairs Reece Langley was featured on today's edition of the farm report on the Louisiana Agri News Network. Langley told rice growers last week that the new rules on adjusted gross income (AGI) and payment eligibility announced by the U.S. Department of Agriculture (USDA) in early January should not adversely affect most producers.
Speaking before 180 attendees at the joint annual meeting of the Louisiana Rice Council and Louisiana Rice Growers Association, Langley said that USDA has established a memorandum of understanding with the Internal Revenue Service (IRS) so that producers who sign up for farm programs must first complete a consent form and send it to the IRS. Langley said the IRS will then conduct calculations for each individual to determine if they meet the new AGI limits in the farm bill and will send a report back to USDA, which will list those who are in compliance and those who may not be in compliance. Those on the non-compliant list will be required to visit their local Farm Service Agency office to document that they are in fact, in compliance.
"Hopefully, this will take a lot of burden off people because vast majority of people should be within the AGI limits and should not have an issue with the new requirements," Langley said.
Contact:
This e-mail address is being protected from spambots. You need JavaScript enabled to view it
, (703) 236-1458
Photo: Reece Langley |
| Heart Health Benefits of Rice Makes News |
 USA Rice Federation's news release highlighting studies supporting rice as a key component of a heart healthy diet was carried on 191 online media hubs including Yahoo, Fox Business News, Forbes, The Seattle Times and more, garnering more than 115 million impressions. In addition, dozens tweeted about the release on Twitter, reaching several thousand additional consumers. The release was part of USA Rice's February Heart Health Month promotion to educate consumers the role of rice in a heart-healthy diet.
"U .S.-grown rice, which is nutrient rich, is one of the most heart-friendly foods to enjoy. Rice is low in calories, has just a trace of fat, and contains no cholesterol, sodium, saturated or trans fats. To show your heart some TLC, try adding rice to meals and snacks to improve overall heart health," the release states.
The rice and Heart Health Month promotion is part of USA Rice's nutrition program to educate consumers about the importance of rice in a healthy diet. Visit the USA Rice Web site's heart health section for more information and recipes.
Contact: Anne Banville, (703) 236-1465 |
| Weekly Rice Sales Decrease, Exports Increase |
Net rice sales of 92,600 metric tons (MT) were 9 percent less than the previous week and 8 percent from the prior four-week average, according to today's U.S. Department of Agriculture Export Sales Highlights Report. Increases were reported for Venezuela (30,000 MT), Nigeria (24,000 MT), South Korea (15,000 MT), Mexico (5,900 MT), and Honduras (5,000 MT). Decreases were reported for Jordan (500 MT).
Exports of 73,700 MT increased noticeably from the previous week and 25 percent more than the prior four-week average. The primary destinations were Mexico (29,900 MT), Nigeria (15,000 MT), New Guinea (6,600 MT), Honduras (6,400 MT), and Canada (4,300 MT).
This summary is based on reports from exporters for the period Jan. 22-28, 2010. |
| CME Group/CBOT Rice Futures Closing |
CME Group (Preliminary): Closing Rough Rice Futures for Feb. 4
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Month
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Price
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Net Change
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March 2010
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$14.18
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- $0.195
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May 2010
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$14.455
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- $0.205
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July 2010
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$14.695
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- $0.21
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Sept. 2010
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- $0.17
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Nov. 2010
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- $0.185
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Jan. 2011
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$13.955
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- $0.21
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March 2011
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$14.23
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- $0.13
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Mission Statement
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| USA Rice Federation is the global advocate for all segments of the U.S. rice industry with a mission to promote and protect the interests of producers, millers, merchants and allied businesses. |
About Us
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Editor: Stacy Fitzgerald-Redd, (703) 236-1458,
This e-mail address is being protected from spambots. You need JavaScript enabled to view it
Associate Editor: Rob Yunich, (703) 236-1444,
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Fax (703) 236-2301
4301 North Fairfax Dr.
Suite 425, Arlington, VA 22203-1616.
This report is time-sensitive, based on information available at press time. Content is derived from facts and sources believed to be reliable. Reprinting and/or distribution may be done with permission of the USA Rice Federation
Copyright © 2010. Please direct comments or questions to the editor or contact name listed for each story. |
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USA Rice Daily 
