Economic Analysis Report from Ag. and Food Policy Center Joe L. Outlaw Professor and Extension Economist Texas AgriLife Extension USA Rice Producers’ Group.

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Presentation transcript:

Economic Analysis Report from Ag. and Food Policy Center Joe L. Outlaw Professor and Extension Economist Texas AgriLife Extension USA Rice Producers’ Group Executive Committee and Farm Policy Task Force Meeting Irving, Texas July 15, 2012

Presentation Outline Update of AFPC Score for Senate and House More Detail About the Options Representative Farm Highlights

Comparison of CBO and FAPRI Rice Prices

Comparison of 5 year Olympic average prices and Average Cost of Production Across AFPC Farms in 2011 Corn Uses March 2012 CBO estimates for future price in olympic average calculation.

Comparison of 5 year Olympic average prices and Average Cost of Production Across AFPC Farms in 2011 Soybeans Uses March 2012 CBO estimates for future price in olympic average calculation.

Comparison of 5 year Olympic average prices and Average Cost of Production Across AFPC Farms in 2011 Rice Uses March 2012 CBO estimates for future price in olympic average calculation.

Rice Futures Price Discovery Periods

2011 Characteristics of Panel Farms Producing Rice

Comparison of FAPRI Baseline Prices and Prices Used in the Declining Price Scenario

Summary of Old Crop Yields and Updated Yields

Results Indicating the Representative Farm’s Preference for Opting Out of ARC for a Larger SCO Payment Band or Remaining in ARC

All 64 Representative Farm’s Preferred Title I Safety Net Option of the Senate Individual and County ARC and the House RLC and PLC Alternatives.

Thanks!!! Joe Outlaw