Programs

Special Variety

These programs include Premium Medium Grain (M-401), Short Grain, Japonica Premium Short Grain and Cal Mochi (sweet rice).  Procedures for enrollment and specific requirements of these programs can be found by contacting your field representative, or emailing fieldservices@farmersrice.com

Seed

FRC offers high quality seed and service at competitive prices.

Member Seed Pricing

Non-Member Seed Pricing

Grower Trucking

The FRC Grower Trucker Program allows members to haul a percentage of all rice stored in upcountry facilities to our mills in West Sacramento.  Members have the opportunity to utilize their hauling equipment by participating in this program.

Eligible Volume

The eligible volume is determined by the dry weight in the Grower Trucker’s and associate member’s accounts as of December of each year.  Custom farming relationships with FRC members are also eligible if the majority of the farming activities are provided by the FRC Grower Trucker.

Dispatching

Year-round dispatching and payments are provided by the prime FRC hauler, Valley Farm Transport.

Administrative

FRC Grower Truckers must adhere to all conditions stated in any operating agreement with Valley Farm Transport.  These conditions include, but are not limited to: Any operator licenses necessary to the transportation services provided by the member and proof of insurance.

For further information or sign up request, please contact your FRC Field Representative or email fieldservices@farmersrice.com

Early Season Advance (ESA)

The Early Season Advance (ESA) was established for the membership to take advantage of FRC’s financial strength.  FRC uses its borrowing power and access to relatively low commercial rates to aid in the cash flow of members.

How it Works

Each year, FRC establishes a per acre dollar amount that can be advanced to the grower based upon the percentage share of the crop.  This advance payment will be made interest free to the grower, and will be deducted from the Immediate Harvest Payment in the Fall.

Requirements

The disbursement of the Early Season Advance (ESA)  is dependent upon a verified Acreage Survey which is mailed to the grower in May. If the Early Season Advance is taken, then the grower is not eligible for the Early Final Payment Program – only one can be taken advantage of in each crop year. The grower must choose Early Season Advance on their Acreage Survey. FRC reserves the right to Decline or Reduce any ESA request.

Early Final Payment (EFP)

The Early Final Payment Program was established for those who defer their new crop proceeds into the next calendar year.  This is another program where FRC uses its borrowing power and access to relatively low commercial rates to aid in the cash flow of members.

How it Works

FRC members may choose to receive an early final payment amount based on the acreage they planted; the maximum amount that can be paid per acre is determined every year basis the percentage share of the crop. The grower will estimate the net value of the remaining proceeds for the crop and can apply for that amount to be disbursed prior to the final crop payment. The amount taken as an early final payment will be made interest free to the grower.

Requirements

The disbursement of the Early Final Payment (EFP) is dependent upon a verified Acreage Survey which is mailed to the grower in May. A grower must have a reasonable amount of the New Crop year’s acreage panted (as determined by FRC). If the grower chooses to take advantage of the Early Final Payment on the acreage survey, then they may not choose to take the Early Season Advance as well – only one program can be chosen, or none at all. In addition, the grower will not receive any progress payments throughout the year, as the progress payments are included in the Early Final Payment amount. Landlords must request the advance on their own acreage, and any advances may not be returned at a later date. FRC reserves the right to Decline or Reduce any EFP request.

New Member Retain Relief

FRC established the Retain Relief Program to ease the initial capital investment for new members.  New members have the opportunity to “try FRC for a year” with no equity requirement and with minimal requirements for the first three years.

  • Qualifying new members will have a reduced retain for the first three years of membership
Year Retain Amount/CWT
#1 $0.00
#2 $0.06
#3 $0.12
  • New Member / Existing Acreage applications must be a new person
    • FRC Board has final approval on all new memberships
    • Dividend to be paid on each account based on equity in each on August 31

DPAD (Domestic Production Activities Deduction)

What is it?

In 2004, Congress created the American Jobs Creation Act.  Section 199 of this Act, better known as the “manufactures’ tax deduction” was created to benefit a broader range of businesses within the United States and provide incentives to companies that manufacture in the U.S.

How is the deduction calculated?

The deduction only applies to companies with qualified production activities. The deduction is limited to 9% of Qualified Production Activities Income (QPAI) or Taxable Income. QPAI for a cooperative is generally much larger than taxable income for a non-cooperative taxable entity.

How does the deduction affect FRC members?

The manufacturer’s tax deduction has special provisions allowing cooperatives to calculate the deduction on their tax returns and pass through the deduction to their members. FRC recommends you consult with your tax advisor about utilizing this deduction.

IC-DISC (Interest-Charge Domestic International Sales Corporation)

As a member of FRC you may be eligible to receive Federal income tax benefits in the form of qualified dividends from FRC’s Interest-Charge Domestic International Sales Corporation.