The U.S. Senate Agriculture Committee will hold a hearing Wednesday to hear from Commodity Futures Trading Commission Chairman Nominee Heath Tarbert. National Grain and Feed Association Senior Vice President of Marketing Todd Kemp says his group backs the nomination of the Treasury Department official.
He expects Tarbert to back clear and friendly trading rules for agriculture if confirmed.
Kemps says the most important thing Tarbert will need to work on as head of the CFTC is the implementation of the Dodd Frank Act and defining the rule on position limits.
Kemp says the National Grain and Feed Association is joining a coalition of ag groups in sending a letter of support of nominee Tarbert to the Senate Ag Committee.
