USDA’s World Agricultural Supply and Demand Estimates will add two rice prices for medium- and short-grain. USDA is forecasting these two new additional rice prices that are part of the program parameters introduced in the 2014 farm bill for the Agricultural Risk Coverage (ARC) and Price Loss Coverage (PLC) programs.
The two new prices will be located directly under the “Average Farm Price” line of the WASDE report and will include California and Other States, categories.
The two new prices are a sub-category of the combined medium- and short-grain average farm price. The two new prices were introduced in the Feb. 10 WASDE report.
An example of the change is found on this sample WASDE page.
Background on USDA’s WASDE report and past issues are available at www.usda.gov/oce/commodity/wasde/.