USDA Issues Request for Risk-Management Partnership Applications

July 15, 2004 -- Producers interested in minimizing production risks and/or developing risk-management tools will be glad to hear that the U.S. Department of Agriculture's Risk Management Agency (RMA) is funding $4 million in partnership agreements.

The purpose of the partnerships is to fund development of non-insurance risk-management tools for agricultural producers' use in mitigating 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. Complete details of the Request for Application can be viewed at http://tinyurl.com/28r7n on the World Wide Web.

The American Sheep Industry Association (ASI) is completing necessary economic- and price-modeling in anticipation of an application for developing 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," says 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."

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