Louisiana Rice Farmers Rally at Capitol in Support of Rice Checkoff Programs
A hearing before the Louisiana Senate Agriculture, Forestry, Aquaculture, and Rural Development Committee yesterday drew rice farmers from across the state. Most were there to oppose Senate Bill 656, legislation that would have changed major provisions of the research and promotion statutes.
“The equal-assessment checkoff referendums were voted on statewide on January 17, 2012, and supported overwhelmingly by an 85 percent margin for research and a 75 percent margin for promotion. Any attempt to reverse the will of this vast majority through legislation should not be allowed,” Louisiana Rice Growers Association President John Owen said in his remarks to the committee.
After hearing testimony, the committee voted and the bill did not pass.
The ICE Dec and Mar contracts gave back 160 and 87 points on the week, respectively, as last week’s inversion between the two contracts gave way to partial carry. Well,