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CFTC Ag Advisory Committee cautious on innovation
['Jerry Hagstrom', 'The Hagstrom Report']
The Fence Post
Share on Facebook Share on Twitter Share on LinkedIn Share on WhatsApp Share via Email Share via SMS Copy LinkMembers of the Commodity Futures Trading Commission Agricultural Advisory Committee meet Wednesday at the CFTC headquarters in Washington.
In opening remarks, CFTC Chairman Michael Selig said under his direction the commission is pursuing a policy of deregulation.
Heather Manzano, associate administrator of the Risk Management Agency, and Mary Catherine Cromley of the Farm Service Agency made presentations on crop insurance and farm subsidies.
Manzano noted that the crop insurance program is required to be actuarily sound but said RMA is “trying to make progress in the oilseed arena.”
Tommy Hayden of the Commodity Futures Council said he sees perpetual futures contracts as “a potential slippery slope.”