Risk Management Agency: USDA Announces New Federal Crop Insurance Corporation Board Members
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"We appreciate the willingness of these four new board members to serve on behalf of American farmers and ranchers," RMA Administrator
The FCIC board oversees the Federal crop insurance program, managed by RMA. The Federal Crop Insurance Act requires that non-USDA FCIC board members represent core groups involved in managing farm risk. This includes four producers, at least one of whom is a specialty crop producer; one individual involved in insurance (often an agent); and one individual knowledgeable about reinsurance or regulation. The Act also requires that the four producer board members come from diverse geographic areas and represent a cross-section of agricultural commodities.
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