Risk Management Agency

The Risk Management Agency (RMA) is a government organization based in Kansas City, MO, responsible for managing and implementing risk management programs for the agricultural industry. They work closely with the Federal Crop Insurance Corporation (FCIC) to develop and recommend pricing methodologies for various crops, such as grain sorghum, to accurately reflect market prices at harvest time. RMA seeks public input and feedback on proposed methodologies, ensuring transparency and replicability in their decision-making process.

With a team of agricultural economists and experts from USDA, the grain sorghum industry, and institutions of higher learning, RMA evaluates different methodologies to determine the most accurate predictor of grain sorghum prices. They publish the findings for public comment and hold public meetings to discuss the proposed methodologies. RMA's goal is to provide reliable and effective crop insurance policies that mitigate risks for farmers and support the stability of the agricultural sector.

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