Legal Definitions - RMA

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Definition of RMA

Definition: RMA is an abbreviation for Risk Management Agency.

Example: Farmers can purchase crop insurance through the RMA to protect against losses due to weather, pests, or other risks.

Explanation: The RMA is a government agency that helps farmers manage risks associated with agriculture. One way they do this is by offering crop insurance, which can provide financial protection in case of crop failure or other unforeseen events. This example illustrates how the RMA works to support farmers and promote stability in the agricultural industry.

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Simple Definition

Term: RMA

Definition: RMA stands for Risk Management Agency. It is an organization that helps people manage risks related to agriculture. This means they help farmers protect their crops and livestock from things like bad weather, pests, and diseases. RMA also provides insurance to farmers to help them recover from losses due to these risks.

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