The Risk Management Agency ( RMA ) is an agency of the U.S. Department of Agriculture , which manages the Federal Crop Insurance Corporation (FCIC). The current Administrator is Marcia Bunger.
14-690: The Risk Management Agency (RMA) was created in 1996 by the Federal Agriculture Improvement and Reform Act of 1996 to operate and manage the Federal Crop Insurance Corporation (FCIC). The FCIC was created in 1938, during the Great Depression , to provide insurance for farmers to allow them to profit from crop production even under difficult agricultural and economic circumstances. Many American farmers were forced to leave their farms as
28-540: A Fund for Rural America to augment existing resources for agricultural research and rural development. Other research authorities were revised and extended, some only for 2 years rather than 7 years. The 1996 Act authorized new enrollments in the Conservation Reserve Program to maintain total acreage at up to 36,400,000 acres (147,000 km ). Other conservation programs were also revised and extended. The Act also contained numerous provisions in
42-764: A Commission to conduct a comprehensive review of changes to production agriculture under the 1996 Act, required USDA to conduct research on futures and options contracts through pilot programs, capped expenditures for the Export Enhancement Program , and changed the name of the Market Promotion Program to the Market Access Program . The 1996 Act also reauthorized the Food Stamp Program for 2 years and commodity donation programs for 7 years, and established
56-490: A result of the Dust Bowl during this period. The Risk Management Agency (RMA) has three program areas: Insurance Services, which provides federal crop insurance to American farmers; Product Management, which develops and reviews crop insurance products to ensure actuarial soundness; and Compliance, which monitors federal crop insurance programs for fraud, waste, and abuse. The RMA is managed by an Administrator appointed by
70-592: The Commodity Credit Corporation Charter Act to help U.S. exporters meet competitors’ subsidized prices in targeted markets. The program currently is authorized through 2007 under the 2002 farm bill (P.L. 107–171). Under EEP, exporters are awarded cash payments that enable an exporter to sell certain commodities to specified countries at competitive prices. EEP program activity is constrained by annual dollar and tonnage limits on commodities that can be subsidized, as agreed to under
84-574: The FAIR Act , or the 1996 U.S. Farm Bill , was the omnibus 1996 farm bill that, among other provisions, revises and simplifies direct payment programs for crops and eliminates milk price supports through direct government purchases. The law removed the link between income support payments and farm prices. It authorized 7-year production flexibility contract payments that provided participating producers with fixed government payments independent of current farm prices and production. The law specified
98-659: The United States Secretary of Agriculture . The RMA Administrator serves as the non-voting manager of the Federal Crop Insurance Corporation Board. The RMA employs Deputy Administrators to manage each of the three program areas, as well as a Chief Financial Officer, Chief Information Officer, a Director of the Office of Civil Rights, and a Director of the Office of External Affairs. There are ten RMA regional offices around
112-847: The Uruguay Round Agreement on Agriculture , and these annual limits are incorporated into the EEP authorizing legislation. In practice, the program has been used very little since the mid-1990s. References [ edit ] [REDACTED] This article incorporates public domain material from Jasper Womach. Report for Congress: Agriculture: A Glossary of Terms, Programs, and Laws, 2005 Edition (PDF) . Congressional Research Service . Retrieved from " https://en.wikipedia.org/w/index.php?title=Export_Enhancement_Program&oldid=1166240137 " Category : United States Department of Agriculture programs Hidden category: Misplaced Pages articles incorporating text from
126-457: The areas of farm credit, rural development, and generic commodity promotion through check-off programs , among others. The 2002 farm bill (P.L. 107-171) superseded many of the 1996 farm bill provisions before they expired. The Safe Meat and Poultry Inspection Panel is an advisory panel to review and evaluate meat inspection policies and proposed changes that the 1996 farm bill (P.L. 104–127, Sec. 918) permanently authorized by amendment to
140-472: The country. The RMA employs more than 450 people in offices around the country. The RMA had an operating budget of $ 74.8 million during Fiscal Year 2016, and managed more than $ 102 billion in insurance liability during 2015. Federal Agriculture Improvement and Reform Act of 1996 The Federal Agriculture Improvement and Reform Act of 1996 (P.L. 104-127), known informally as the Freedom to Farm Act ,
154-526: The federal meat and poultry inspection statutes. Provisions in annual USDA appropriations laws since 1996 have prohibited the department from actually establishing the advisory panel. Export Enhancement Program The Export Enhancement Program ( EEP ) is a program that the United States Department of Agriculture (USDA) initiated in May 1985 under
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#1732776017564168-570: The total amount of money to be made available through contract payments under production flexibility contracts for each fiscal year from 1996 through 2002. Payment levels were allocated among contract commodities according to specified percentages, generally derived from each commodity’s share of projected deficiency payments for fiscal 1996-2002. The law increased planting flexibility by allowing participants to plant 100% of their total contract acreage to any crop, except with limitations on fruits and vegetables. The authority for acreage reduction programs
182-411: Was continued but revised to reduce the likelihood of the federal government incurring loan program costs due to loan forfeitures. The minimum national poundage quota was eliminated. The sugar program also was continued but modified. Trade and food aid programs were reoriented toward greater market development, with increased emphasis on high-value and value-added products. Other provisions established
196-680: Was eliminated, while nonrecourse loans (with marketing loan repayment provisions) were continued in a modified form. Minimum loan rates generally were calculated each year at 85% of recent past market prices. Authority for the Farmer-Owned Reserve Program was suspended through the 2002 crop year. Authority for the honey program was eliminated. Dairy price support was to be phased down for milk over 4 years and then eliminated, but subsequent legislation continued this program. Had dairy support ended, processors could have obtained recourse loans on dairy products. The peanut program
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