Forage and hay insurance can help reduce drought risk, economist says | David Bergmeier


An insurance management program can help hay and forage producers protect their bottom line in light of the drought conditions that persist on the high plains.

James Mitchell

James Mitchell, an assistant professor and extension economist in the Department of Agricultural Economics and Agribusiness at the University of Arkansas, spoke about the Risk Management Agency program during a recent webinar from the National Cattlemen’s Beef Association, “Pasture, Rangeland, Forage Program: A Tool for Your Toolbox.” The RMA is overseen by the United States Department of Agriculture. RMA programs are associated with crops, but in recent years Congress has authorized the agency to expand into other agricultural production sectors to help with risk management. Mitchell studied the pasture and range segment to help inform farmers and ranchers when considering whether a pasture, range and forage policy is right for their operation.


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