| US Rice Prices |
|
| Year |
Farm price |
Loan rate |
Target price |
World price |
Direct Payments |
|
|
..$/cwt... |
| 1985 |
6.53 |
8.00 |
11.90 |
3.62 |
3.90 |
|
| 1986 |
3.75 |
7.20 |
11.90 |
3.51 |
4.70 |
|
| 1987 |
7.27 |
6.84 |
11.66 |
5.99 |
4.82 |
|
| 1988 |
6.83 |
6.63 |
11.15 |
6.54 |
4.31 |
|
| 1989 |
7.35 |
6.50 |
10.80 |
6.05 |
3.56 |
|
| 1990 |
6.70 |
6.50 |
10.71 |
5.46 |
4.16 |
|
| 1991 |
7.58 |
6.50 |
10.71 |
5.95 |
3.07 |
|
| 1992 |
5.89 |
6.50 |
10.71 |
4.95 |
4.21 |
|
| 1993 |
7.98 |
6.50 |
10.71 |
6.07 |
3.98 |
|
| 1994 |
6.78 |
6.50 |
10.71 |
6.10 |
3.79 |
|
| 1995 |
9.15 |
6.50 |
10.71 |
7.71 |
3.22 |
|
| 1996 |
9.96 |
6.50 |
1/ |
7.66 |
2.77/2 |
|
| 1997 |
9.70 |
6.50 |
1/ |
8.45 |
2.71/2 |
|
| 1998 |
8.89 |
6.50 |
1/ |
7.37 |
2.92/2 |
|
| 1999 |
5.93 |
6.50 |
1/ |
4.49 |
2.82/2 |
|
| 2000 |
5.56 |
6.50 |
1/ |
3.20 |
2.6/2 |
|
| 2001/3 |
4-4.50 |
6.50 |
1/ |
3.00 |
2.1/2 |
|
| Source:Rice Situation and Outlook Yearbook/RCS-2001/Nov. 2001 |
|
|
| 1/ Eliminated
in 1996 farm act |
|
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| 2/ Does not
include supplemental AMTA payments. |
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| 3/ Forecast |
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Comments to jayoung@ucdavis.edu