Sec. 10010. Education and risk management assistance
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Section 524 of the Federal Crop Insurance Act ( 7 U.S.C. 1524 ) is amended to read as follows: Subject to the amounts made available under subsection (d), the Secretary, acting through the National Institute of Food and Agriculture, shall carry out the program established under subsection (b). The Secretary, acting through the National Institute of Food and Agriculture, shall establish a program under which competitive grants are made to qualified public and private entities (including land-grant colleges, cooperative extension services, and colleges or universities), as determined by the Secretary, for the purpose of educating agricultural producers about the full range of risk management activities, including futures, options, agricultural trade options, crop insurance, cash forward contracting, debt reduction, production diversification, farm resources risk reduction, farm financial benchmarking, and other risk management strategies.
A grant under this subsection shall be awarded on the basis of merit and shall be subject to peer or merit review. Funds for a grant under this subsection shall be available to the Secretary for obligation for a 2-year period. The Secretary may use not more than 4 percent of the funds made available for grants under this subsection for administrative costs incurred by the Secretary in carrying out this subsection. In carrying out the program established under subsection (b), the Secretary shall place special emphasis on risk management strategies (including farm financial benchmarking), education, and outreach specifically targeted at— beginning farmers or ranchers; legal immigrant farmers or ranchers that are attempting to become established producers in the United States; socially disadvantaged farmers or ranchers; and farmers or ranchers that— are preparing to retire; are using transition strategies to help new farmers or ranchers get started; and new or established farmers or ranchers that are converting production and marketing systems to pursue new markets.
From the insurance fund established under section 516(c), there is transferred for the partnerships for risk management education program established under subsection
(b)$5,000,000 for fiscal year 2018 and each subsequent fiscal year. .
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Sec. 10010
Education and risk management assistance
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