Request for Risk-Management Partnership Applications

May 28, 2004 -- Approximately $4 million is available to fund partnership agreements that assist producers to minimize their production risks, and/or develop risk-management tools. This information was published in the Federal Register this week by the U.S. Department of Agriculture?s Risk Management Agency (RMA).

The purpose of the risk-management partnerships is to fund the development of non-insurance risk-management tools that will be utilized by agricultural producers to assist them in mitigating the risks inherent in agricultural production. The agreements are for the development of tools for use directly by agricultural producers.

All applications must be received no later than July 8, 2004. The complete details of the Request for Application can be viewed at Request on the World Wide Web.

The American Sheep Industry Association (ASI) is completing necessary economic- and price-modeling in anticipation of an application to develop a risk-management product for the sheep industry.

?We secured funding last winter and contracted companies to assist our industry in this effort. We look forward to this opportunity to fund the next steps,? stated ASI President Guy Flora. ?A sheep taskforce is in place and we have found a great deal of industry interest in pursuing risk-management tools, especially on the lamb side of the business.?

Staff contact: Paul Rodgers, 304-647-9981

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