Texas Rice Farmers Hope China Deal Brings More Than a Grain of Relief
1 August 2017 Ray Stoesser rumbled around his quiet green fields in a mud-caked SUV, noting the minute gradations of the land, which is subtly terraced to allow water to flow downhill, irrigating the fields in slow succession, writes Lydia DePillis on HoustonChronicle.com.
“We’re going uphill, believe it or not,” Stoesser said. After more than a half century of farming, he knows what each field needs and when, harvest after harvest. “Just like taking care of your backyard,” he said.
If Stoesser’s land hasn’t changed, the economic conditions have. Rice prices have declined for several years, averaging about 10 cents a pound last year, because of competition from huge rice producers like Vietnam and Thailand as well as increases in agricultural productivity that have boosted supplies. Over the past few decades, hundreds of rice farmers in Southeast Texas have given up the crop entirely.
But in mid-July, the Texas rice industry — which is worth about $100 million per year to farmers — was granted a reprieve: a deal to allow U.S. rice sales to China. The industry estimates that China soon could buy 250,000 tons of U.S. rice per year, out of the 9 million tons it produces, which could boost prices significantly.
Read the full story on HoustonChronicle.com.
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