Risk Management Assistance and Education
The role of USDA’s Risk Management Agency (RMA) is to help producers manage their business risks through effective, market-based risk management solutions. RMA’s mission is to promote, support, and regulate sound risk management solutions to preserve and strengthen the economic stability of America’s agricultural producers. As part of this mission, RMA operates and manages the Federal Crop Insurance Corporation (FCIC). This page will offer you access to a wide variety of resources that are available through RMA’s work around the country.
What kind of help is available to me?
It is inevitable that someday, the farm must be passed on to the next farmer. But how to transfer one’s life work is a process that requires a plan. There are considerations of retirement income, long-term care payments, interests of heirs and tax consequences. This can be a nightmare to manage on your own.
To address the issue, the Center for Rural Affairs and the North Central Risk Management Education Center teamed up to inform farmers and ranchers of their options for retiring or beginning in agriculture. The results were a number of reports and fact sheets and are shared through a website.
The Risk Management Agency assists farmers and ranchers in assessing their risks while taking advantage of new and arising opportunities in agriculture. By offering grants to smaller agencies and non-profits to do the “leg work”, farmers and ranchers can have access to a plethora of knowledge, data and education. Education includes a focus not only on traditional risk management products (crop insurance, futures, options, forward contracts, etc.) but also on crop and enterprise diversification, natural resource and environment planning, accessing new and value-added markets, debt reduction and asset-building strategies, as well as many other methods to manage risk.
Find a Risk Management Center to help you:
- The Northeast Center for Risk Management Education @ University of Delaware Cooperative Extension serving West Virginia, Maryland, Delaware, Pennsylvania, New Jersey, New York, Connecticut, Rhode Island, Massachusetts, Vermont, New Hampshire, Maine, and the District of Columbia.
- Southern Region Risk Management Education Center @ University of Arkansas serving Alabama, Arkansas, Georgia, Florida, Kentucky, Louisiana, Mississippi, North Carolina, Oklahoma, South Carolina, Tennessee, Texas, Virginia, Puerto Rico and the Virgin Islands.
- Western Center for Risk Management Education @Washington State University Cooperative Extension serving Montana, Wyoming, Colorado, New Mexico, Arizona, Nevada, Utah, Idaho, Washington, Alaska, Oregon, California, and Hawaii.
- North Central Risk Management Education Center @ University of Nebraska serving Illinois, Indiana, Iowa, Kansas, Michigan, Minnesota, Missouri, Nebraska, North Dakota, Ohio, South Dakota, and Wisconsin.
Farm Risk Planning
Explore your risk management options.
Introduction to Risk Management
Understanding Agricultural Risks, USDA Risk Management Agency. This handbook is a tool for producers to us to improve their risk management skills.
Risk Management Curriculum Guide
A series of fact sheets developed by extension economists from Texas A&M and Kansas State. The Guide was developed to provide agricultural producers with added knowledge about the sources of risk impacting their decisions and the tools and options they could consider in managing these risks. Also included are curriculum guides to be used by anyone teaching one of the topics covered in these fact sheets.
The Digital Center for Risk Management Education @ University of Minnesota Extension
- The Ag Risk Education Library allows the reader to browse a collection of documents submitted from all over the country, search by type of risk – Production, Price, Financial, Legal, Human, and General)
Risk Management Workshop Series: Estate Planning Tools, The Center for Rural Affairs
- Posted on 1.11.2018
- Posted on 3.26.2018
- Posted on 6.25.2018
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- Posted on 5.7.2018