Local

National Grain And Feed Concerned At Proposed CFTC Rule

National Grain And Feed Concerned At Proposed CFTC Rule

The General Farm Commodities and Risk Management Sub Committee recently held their fourth hearing over the future of the Commodity Futures Trading Commission. The sub committee is trying to improve customer protections and prevent futures commission collapses.  National Grain and Feed Association President Randy Gordon says he’s concerned one of the proposed rules would have a negative effect on elevators and others who trade hedges.

Gordon says while that rule is intended to give more protections it would have the opposite effect.

The sub committee is hoping to come up with rules that ensure mistakes are caught quickly and  wrongdoing is made exceptionally difficult. This fourth hearing is expected to be the final one ahead of legislation to reauthorize the CFTC.

Recent Headlines

in Local

Take Back Drug Program Reinstated

medicine1

The director of the Iowa Office of Drug Control Policy is applauding a recent decision by the U.S. Drug Enforcement Administration (DEA) to reinstate its National Prescription Drug Take Back program.

in Local

Search for U of I President Continues

university-of-iowa-logo

Sally Mason has stepped into retirement.

in Local

Nebraska Senator Says Change is Needed In Highway Funding

Washington DC

The fate of the Export-Import Bank could be tied to a long-term transportation bill.

in Agriculture

CEO of Growth Energy Steps Down

ethanol plant

Growth Energy CEO Tom Buis announced Friday he’s stepping down as Chief Executive officer of the organization that lobby’s on renewable fuel issues.

in Agriculture

Iowa Senator Calls for Review of Cargill Deal

pork chop 1

Iowa Senator Chuck Grassley wants the U.S. Justice Department’s Anti Trust Division to review the proposed acquisition by JBS of Cargill Pork.