funding opportunities at the risk management agency craig witt risk management education director...
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Funding Opportunities at the
Risk Management Agency
Craig Witt
Risk Management Education Director
July 26, 2003
Risk Management Agency
• Established in 1996 from Federal Crop Insurance Corporation.
• Operate the Federal Crop Insurance Program in partnership with private insurance companies.
• Relatively small USDA agency– 10 Regional Offices– 6 Compliance Offices– Research and Development Office
Key Funding Development
• Agricultural Risk Protection Act of 2000 (ARPA)
• ARPA:– Substantial research and education funding– Authorization of innovative programs, i.e.
livestock insurance, Agricultural Management Assistance
– Higher crop insurance subsidies– Stronger compliance
Federal Crop Insurance Coverage
0
5
10
15
20
25
30
35
40
45 Liability - $ billions
RMA Funding Opportunities1. Research
a. Contracting *
b. “508h” - $10m/y
c. Research Partnerships *
2. Educationa. Commodity Partnerships *
b. Targeted States - $5m/y
c. RME Grants (through CSREES) - $5m/y
3. Outreach a. Outreach Partnerships *
* From a fund of $20m/y
Research Funding Opportunities
• Contracting – Ongoing feasibility studies for insurance products– Ongoing development of new insurance products
• “508h”– Reimbursement for new product development costs
• Research Partnerships– Agreements to develop new risk management tools– RFA for $4m due July 28, 2003
RMA Education Funding Opportunities
• Commodity Partnerships
• Targeted States
Common Features:“Commodity Partnerships”and “Targeted States”• 2003 RFA due July 28, 2003• Cooperative Agreements - Not Grants
– substantial involvement of RMA
• Tasks– Finalize RME delivery plan
– Assemble instructional materials
– Conduct promotion program
– Conduct education activities
– Document results
“Commodity Partnerships”• National Scope
• Education emphasis on Production, Marketing, and Financial
• Priority for producers of:– Crops not covered by crop insurance– Specialty crops– Under-served commodities
• Funding determined by RMA administrator
• 2002 - 72 Agreements for $3.7 million
• 2003 - 39 Agreements (max) for $3.5 million
“Targeted States”• Restricted to 15 States (12 NE and 3 Mountain
States)
• Restricted to Crop Insurance Education
• Supported by the Agricultural Management Assistance program
• Funding up to $5 million per year
• 2002 - 13 Agreements for $1.8 million
• 2003 - 15 Agreements (max) for $4.25 million
Program Results• Substantial partnering among key stakeholders.
• More than 49,000 producers reached during 2002.
• Documented increase in producer awareness of risk management tools and their use.
• Documented increase in the use of risk management tools, especially crop insurance. (i.e. Targeted States insurance coverage will exceed $1 b for the first time in 2003)
• Success stories (i.e. Pennsylvania)
“Outreach Partnerships”
• National Scope• Emphasis on meeting the needs of small,
limited resource, and minority producers.• Funding determined by RMA administrator• 2002 - 46 Agreements for $3.7 million• 2003:
– Request for Applications due August 1 for $3.5 million
www.rma.usda.gov
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