Bill 119 HR 1713, also known as the Agricultural Risk Review Act of 2025, is a piece of legislation currently being considered by the US Congress. The main purpose of this bill is to establish a program within the Department of Agriculture that would provide risk management tools and resources to farmers and ranchers in order to help them mitigate financial losses due to unforeseen events such as natural disasters, market fluctuations, and other risks.
The bill aims to improve the overall resilience of the agricultural sector by offering assistance in the form of insurance, grants, and other financial instruments to help farmers and ranchers better manage their risks. Additionally, the program established by this bill would also provide technical assistance and training to help farmers make informed decisions about risk management strategies.
One key provision of the Agricultural Risk Review Act of 2025 is the establishment of a Risk Management Advisory Board, which would be responsible for advising the Secretary of Agriculture on the development and implementation of risk management programs. The board would be composed of experts in the fields of agriculture, finance, and risk management, ensuring that the program is well-informed and effective.
Overall, the Agricultural Risk Review Act of 2025 seeks to support and protect the livelihoods of farmers and ranchers by providing them with the tools and resources they need to navigate the uncertainties of the agricultural industry. By helping farmers manage their risks more effectively, this bill aims to promote a more stable and sustainable agricultural sector in the United States.