If, as some observers are predicting, U.S. rice farmers plant 20% to 30% fewer acres of rice in 2021; Brazil’s drought continues; and China’s feed demand for rice keeps growing, U.S. rice prices could begin to rebound later this year.
That’s several ifs, but Milo Hamilton, co-founder and senior agricultural economist for Firstgrain, Inc., says that’s how the price situation may begin to play out for U.S. growers who face an explosion in soybean prices.
“If you look at the broad sweep of commodities, the big mover has been gold,” said Hamilton, who spoke during the Rice Marketing Educational Seminar at the Mid-South Farm and Gin Show, which was held virtually this year. “The second biggest mover and the biggest for grains has been soybeans.
Robot innovation promises to keep farmers out of grain bins
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A hometown High Cotton kind of celebration
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AgLaunch startups showcase in-field diagnostic technology
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Veteran farmers, innovators, marketers, industry leaders are all apt descriptions of the 27th Class of High Cotton winners.
These producers, recognized annually by Farm Press and The Cotton Foundation, are honored for growing quality, sustainable U.S. cotton.
The 2021 honorees, nominated and selected from across the Cotton Belt, are as follows: Southeast- Jerry Lee Hamill, Enfield, N.C.; Mid-South- Doug Scott, Sikeston, Mo.; Southwest- Robbie Robbins, Altus, Okla.; and Western- Hansen Ranches, San Joaquin Valley, Ca.
Success factors
This year s High Cotton winners credit crop rotation, technology, field variety trials, and soil health management, along with their families and employees for their success.