Rice Market Year Average Price Calculating Tool Now Available

GA-MYA Price Calculator image-150925
Do the math
Sep 25, 2015
WASHINGTON, D.C. – USA Rice has developed an online tool to help rice farmers, millers, and merchants roughly calculate the U.S. Department of Agriculture’s (USDA) market year average (MYA) price.

The monthly prices listed for each type of rice can still be adjusted by price reporters and the USDA through early October.  The October Agricultural Prices Report published by USDA will list the long grain price that will determine what a producer’s Price Loss Coverage (PLC) program 2015 payment will be.  The final MYA prices will be posted in the January Agricultural Prices Report and will include the California medium-short grain price.

Earlier this month, USA Rice developed a rice PLC payment calculator available for farmers and lenders to estimate annual payments as part of their financial planning process.

USA Rice Vice President of Government Affairs Ben Mosely said, “our current estimates using preliminary prices which are subject to change, would provide Southern long grain farmers with about $2.12-$2.14 per cwt using the $14.00 per cwt PLC reference price, established by the 2014 Farm Bill.  Our estimates fall closely in line with the September WASDE Report’s Season Average Farm Price for long grain of $11.90 per cwt.”

Mosely added, “while no payments have been issued for the 2014 crop, the Farm Bill’s PLC and ARC programs should help farmers recoup some of their input costs.  We have been assured by USDA that farmers in the South will receive their payments in early November.”

Members of the rice industry are encouraged to utilize the price and payment calculating tools to help estimate costs and see the value farm safety net programs will provide using last year’s prices.

Sign-Up for the Daily

Recent Articles

  • Producers Rice Mill 75th Anniversary and Membership Meeting

    Nov 16, 2018

    More than 300 members and guests attended the 75th annual membership meeting of Producers Rice Mill, Inc., held here last week that was highlighted by a video celebrating the company's 75th anniversary and history. Full story
  • In Memory: Rogers Hoyt, Sr.

    Nov 16, 2018

    USA Rice extends condolences to the family and friends of Rogers Hoyt, Sr., of Uvalde, Texas, who passed away on November 13, at the age of 89. Full story
  • National Rice Month Campaign Succeeds in Every Sector

    Nov 15, 2018

    The results are in and USA Rice’s combination of promotional activities aimed at the retail, consumer, and foodservice segments to celebrate September as National Rice Month (NRM) went a long way to increasing awareness and consumption of U.S.-grown rice. Full story
  • Trade Mission to Mexico Strengthens Bonds

    Nov 14, 2018

    A USA Rice member delegation traveled to Mexico last week to meet with key customers in the rice industry's largest export market. Over the span of three days, the delegation met with influential players in the trade, gaining valuable insight from some of the largest millers, wholesalers, and distributors of rice in Mexico. Full story
  • Rice Issues Abound in South Korea

    Nov 13, 2018

    Last week’s Agricultural Trade Mission (ATM) to Korea gave USA Rice the opportunity to highlight strong market opportunities for U.S. rice but also to underscore continued obstacles put in our way by Korea’s government. Full story