CMC Meets with Sen. Roberts’ Staff

Earlier this week, CMC met with Sen. Pat Roberts’ staff (R – Kansas) for a wide-ranging discussion. Sen. Roberts in the Ranking Member of the Senate Ag Committee and hence a very influential person in CMC’s world. Sen. Roberts is focusing his efforts on the Farm Bill, although it is unclear at this time whether this congress will actually pass a Farm Bill. He expects the commodities title to be a contentious one, and he will work to retain crop insurance. He is supporting of a narrow swap dealer definition – he does not want see a grain elevator treated the same as a hedge fund. On the MF Global issue, he is not optimistic that customers will get all their monies back.


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