By Bobby Coats, Professor of Economics and Extension Agricultural Economist
During last week’s webinar, Riceland Foods, Inc. Senior Vice President Terry Harris drew on his 43-years of experience in the global rice industry and discussed the challenges the U.S. rice industry faces selling rice in a world increasingly focused on food security, protectionism, and nationalism.
Terry took a deep dive into the factors constraining the U.S. rice global export market and provided webinar attendees with a real-world and real-time U.S. rice exporter view of marketing U.S. rice in a global economy where efficiencies are lacking, due to: An array of government support and protectionism programs by the world’s major rice export countries and fiscal, monetary and trade policy disputes. Terry provided an in-depth discussion on NAFTA 2.0, Chinese trade and policy disputes, European Union economic and trade challenges, Brexit, and other issues impacting today’s U.S. rice trade.
You can view the recorded webinar here: https://youtu.be/I9e6lubbB1Y
Terry Harris is Senior Vice President in Charge of Operations for Riceland Foods Inc., a farmer owned cooperative headquartered in Stuttgart, Arkansas and serving farmer members in Arkansas, Missouri, and Northern Louisiana. He has 43 years’ experience in the rice industry, all with Riceland. He has served in a number of capacities throughout his career with Riceland including quality control, production, and sales. From 1981 to 2010 he managed the majority of export rice sales for the cooperative, in 2010 he was given responsibility for all rice sales of the company and in 2018 moved to the Operations area where he is now responsible for Rice Milling, Soy Processing, the Riceland Drier network, management of Riceland’s partnerships, and also responsible for commodity risk management. He serves on the boards of the USA Rice Millers Association, USA Rice Federation, USA Rice Foundation, and USA Rice Council.