The Risk Management Agency has awarded $8.6 million in partnership agreements to provide producers with opportunities to learn more about managing risk in their businesses. Agriculture Deputy Secretary Kathleen Merrigan says the partnerships will provide opportunities for underserved, small and limited-resource producers to become better risk managers. She says risk management often means understanding direct marketing and for this they need legal, financial, and food safety tools and information appropriate for the scale of their operation and the markets they serve.
The new partnership agreements include $4.4 million to deliver crop insurance education and information to agricultural producers in 16 states designated as historically underserved with respect to crop insurance; Nearly $700,000 to fund 70 commodity partnership agreements across the country, delivering training in managing production, marketing, and financial risk; and up to $3.4 million is being awarded for collaborative outreach and assistance programs for those who produce priority commodities.
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