Forage, grass insurance can help reduce drought, the Economist said

An insurance management plan can help hay and straw farmers to protect their future due to the ongoing drought in the High Plains.

James Mitchell

James Mitchell, assistant professor and Extension Economist at the University of Arkansas Department of Agricultural Economics and Agribusiness, spoke about the Risk Management Agency’s program at the National Cattlemen’s Beef Association webinar, “Pasture, Rangeland, Forage Program: A Tool for Your Toolbox. .” RMA is managed by the US Department of Agriculture. RMA programs are associated with crops, but in recent years Congress has allowed the agency to expand into other areas of farm production to help with risk management. Mitchell has studied the pasture and rangeland sector to help. farmers and ranchers to determine whether grazing laws are appropriate for their work.