Workers expect their defined contribution plans to play a greater role in their retirement income than annuities.
WASHINGTON, April 17 -- The U.S. Department of Agriculture'sRisk Management Agency has issued the following news release:
The U.S. Department of Agriculture'sRisk Management Agency (RMA) today announced the availability of nearly $5 million for the Risk Management Education in Targeted States Program. This program provides funding for the development of risk management training programs in 17 underserved states.
"USDA is committed to diversity, inclusion and performance in everything we do," said RMA Administrator William Murphy, "And we need to continue to ensure opportunities in agriculture for all Americans. Through these partnerships, traditionally underserved agricultural producers will receive assistance in understanding and using risk management tools."
The training will be conducted in local training sessions held throughout the nation. Applications for the Risk Management Education in Targeted States Program are due on or before 11:59 p.m. EDT on May 18. All applications must be received on or before the deadline listed for the grant. Only electronic applications submitted through www.grants.gov will be accepted.
RMA helps producers manage their business risks through effective, market-based risk 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.
The Obama Administration, with Agriculture Secretary Vilsack's leadership, has worked tirelessly to strengthen rural America, implement the Farm Bill, maintain a strong farm safety net, and create opportunities for America's farmers and ranchers. U.S. agriculture is currently experiencing one of its most productive periods in American history thanks to the productivity, resiliency, and resourcefulness of our producers. A strong farm safety net is important to sustain the success of American agriculture. USDA's crop insurance program currently insures 265 million acres, 1.15 million policies, and $114 billion worth of liability on about 500,000 farms. And in response to tighter financial markets, USDA has expanded the availability of farm credit, helping struggling farmers refinance loans. In the past 3 years, USDA provided 103,000 loans to family farmers totaling $14.6 billion. Over 50 percent of the loans went to beginning and socially disadvantaged farmers and ranchers.
For more information about RMA or its programs, please visit our website, www.rma.usda.gov.
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