Risk Management Agency Law and Legal Definition
The Risk Management Agency serves America’s agricultural producers through effective, market-based risk management solutions. The Agency administers the programs of the Federal Crop Insurance Corporation and oversees other programs related to the risk management of crops and commodities. The Risk Management Agency is abbreviated as RMA. The Agency’s mission is to promote, support and regulate sound risk management solutions to preserve and strengthen the economic stability of America’s agricultural producers. As part of the mission, the Agency operates and manages the Federal Crop Insurance Corporation. The Agency was created in 1996.