Appendix table 12: Prices and payment rates for rice

Crop
Farm
Loan
year
price
rate

Target
price

Adjusted
world price

Direct
payment rate

Countercyclical
payment rate

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - $/cwt - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 1961/62
1962/63
1963/64
1964/65
1965/66
1966/67

5.14
5.04
5.01
4.90
4.93
4.95

4.71
4.71
4.71
4.71
4.50
4.50

-------------

-------------

-------------

-------------

1967/68
1968/69
1969/70
1970/71
1971/72
1972/73

4.97
5.00
4.95
5.17
5.34
6.73

4.55
4.60
4.72
4.86
5.07
5.27

-------------

-------------

-------------

-------------

1973/74
1974/75
1975/76
1976/77
1977/78
1978/79

13.80
11.20
8.35
7.02
9.49
8.16

6.07
7.54
8.52
6.19
6.19
6.40

------8.25
8.25
8.53

-------------

------0.00
0.00
0.78

-------------

1979/80
1980/81
1981/82
1982/83
1983/84
1984/85

10.50
12.80
9.05
7.91
8.57
8.04

6.79
7.12
8.01
8.14
8.14
8.00

9.05
9.49
10.68
10.85
11.40
11.90

-------------

0.00
0.00
0.28
2.71
2.77
3.76

-------------

1985/86
1986/87
1987/88
1988/89
1989/90
1990/91

6.53
3.75
7.27
6.83
7.35
6.70

8.00
7.20
6.84
6.63
6.50
6.50

11.90
11.90
11.66
11.15
10.80
10.71

3.62
3.51
5.99
6.54
6.05
5.46

3.90
4.70
4.82
4.31
3.56
4.16

-------------

1991/92
1992/93
1992/93
1994/95
1995/96
1996/97

7.58
5.89
7.98
6.78
9.15
9.96

6.50
6.50
6.50
6.50
6.50
6.50

10.71
10.71
10.71
10.71
10.71
2/ ---

5.95
4.95
6.07
6.10
7.71
7.66

3.07
4.21
3.98
3.79
3.22
2.77

-------------

1997/98
1998/99
1999/00
2000/01
2001/02
2002/03

9.70
8.89
5.93
5.61
4.25
4.49

6.50
6.50
6.50
6.50
6.50
6.50

2/ --2/ --2/ --2/ --2/ --10.50

8.45
7.37
4.49
3.20
3.33
3.28

2.71
2.92
2.82
2.60
2.10
2.35

2003/04
2004/05
2005/06
2006/07
2007/08
2008/09

8.08
7.33
7.65
9.96
12.80
16.80

6.50
6.50
6.50
6.50
6.50
6.50

10.50
10.50
10.50
10.50
10.50
10.50

4.67
6.02
6.19
7.31
11.53
13.90

2.35
2.35
2.35
2.35
2.35
2.35

6.50
6.50
6.50
6.50

10.50
10.50
10.50
10.50

11.24
12.31
13.14
N/A

2.35
2.35
2.35
2.35

2009/10
2010/11
2011/12
2012/13 1/

14.40
12.70
14.50
14.60-15.20

3/
3/
3/
3/
4/
4/
4/
4/

----------1.65
0.07
0.82
0.50
0.00
0.00
0.00
0.00
0.00
0.00
N/A

--- = Not applicable. NA = Not available.

1/ Forecast March 8, 2013. 2/ Eliminated in 1996 farm act. 3/ Does not include supplemental AMTA payments of $1.45 per cwt
in 1998, $2.82 in 1999, $2.82 in 2000, and $2.39 in 2001. 4/ Does not include countercyclical payments.
Sources: Farm price data, U.S. Dept. of Agriculture, National Agricultural Statistics Service,
Quick Stats data base, http://www.nass.usda.gov/Data_and_Statistics/index.asp; target price, countercycle payment, loan rate,
direct payments, and announced world price, U.S. Department of Agriculture, Economic Research Service,