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Rice World Market Prices

Author

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  • Bryant, Henry L.
  • Outlaw, Joe L.
  • Anderson, David P.

Abstract

The marketing loan program associated with rice features benefits calculated using a USDA-announced World Market Price (WMP) rather than the posted county prices that are used for most other commodities. This results in reduced risk protection for producers relative to other crops, and greater difficulty in making optimal use of program benefits. This research investigates the rice WMP, identifying the relative importance of various foreign prices and other potential influencing factors. The results of this research have important implications for financial planning and optimal risk management strategies for rice producers.

Suggested Citation

  • Bryant, Henry L. & Outlaw, Joe L. & Anderson, David P., 2005. "Rice World Market Prices," 2005 Annual meeting, July 24-27, Providence, RI 19178, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    • Handle: RePEc:ags:aaea05:19178
    DOI: 10.22004/ag.econ.19178
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    References listed on IDEAS

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    Keywords

    Agricultural and Food Policy;

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