An ag economist says the balance sheet for rice farmers in 2022 doesn’t look great. Texas A&M’s Joe Outlaw recently told House Ag Committee members, “The only farms we have that really aren’t going to cash flow this year are rice farms,” he says. “And two-thirds of them will not cash flow. We have 15 (in our study) – so 10 out of 15 will not cash flow.”
Arkansas Congressman Rick Crawford says safety net programs like PLC aren’t working for rice farmers and Outlaw agreed.