SIC 0112 Rice

Encyclopedia of American Industries | 2005 | Copyright

SIC 0112
RICE

This industry consists of establishments primarily engaged in the production of rice, or whose sales of rice account for 50 percent or more of the total value of sales for their agricultural production.

NAICS Code(s)

111160 (Rice Farming)

Industry Snapshot

Rice farms in the United States grew to almost 9,300 in the 1990s. With more than three million acres harvested annually, rice production remains stable. However, prices were falling during the early 2000s in the wake of record crop production and supply levels. For the 2002-03 season an estimated 3.2 million acres of rice were planted in the United States, yielding a projected record 6,611 pounds per acre. Rice production is measured by the hundredweight (cwt). One cwt equals 100 pounds. Production in the 2002-03 season was projected to reach 212 million cwt. Based on a projected season-average farm price (SAFP) of $3.70-$4.00 per cwt, the value of rice production was expected to reach at least $784 million. The United States is a relatively small player in the world market for rice. According to the U.S. Department of Agriculture (USDA), Asian nations represent some 90 percent of rice production and consumption, while the United States produces less than 2 percent of total output.

Background and Development

Although rice is not considered a major American crop, the American rice industry is more than 300 years old. Rice was introduced in America around 1685, when a British sea captain, John Thurber, brought a load of the grain to the...

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