Equally important, we help our rice clients to think strategically about the world and US rice markets. Rice is a small part of the grain market picture in the US. Unlike corn or beans, the US is also a tiny part of the world rice market. In fact, the total rice production in the Western Hemisphere is only 5% of the world rice market.
Rice is a subsistence crop in many parts of the world; hence it is heavily supported by government rice policy. You can see this in the production in many countries. The area planted changes little year to year or grows over time as yields increase. In the US, the profit motive drives what farmers will plant. Farmers have the freedom to farm. This is not the case elsewhere where soils or rice subsidies insulates its farmers from the vagaries of the price to a considerable extent.
To understand the price of rice on your farm you need a wider reference, not just now and then but every day of your working life. We think strategically every day.
Strategic Planner that is on your side. What is strategic thinking planning you ask: A Chinese saying sums up our view of strategy: “Those who do not pay attention to the far away will have trouble in the nearby.” Strategy, as we define it is a careful plan or method for achieving a particular goal usually over an extended period of time.
If your goal is to learn about the market, then Firstgrain is your ally. The market is continually changing now more than ever. Survival today is adapting to the best modern technology and improving your selling strategy over time and every year.
WHAT WE ARE NOT:
- We are not brokers of cash or futures rice.
- Our revenue comes both from buyers as well of sellers of rice.
- As a result, we do not advocate any view of the market to please our clientele.
- We call it like we see it.
- We do not enter the cash rice marketing chain, which gives us a unique perspective on rice.