CFTC: Agricultural Advisory Committee Meets via Teleconference – AUDIO AVAILABLE NOW
Washington, D.C. — The Agricultural Advisory Committee (AAC) held a public meeting on Wednesday, April 22, 2020, at 3 pm EDT/ 1pm MDT via teleconference.
U.S. Secretary of Agriculture Sonny Perdue addressed the meeting, and focused primarily on the COVID-19 (coronavirus) pandemic and its impact on agricultural commodity markets. CFTC Chairman Heath P. Tarbert is the sponsor of the AAC.
“Agriculture, like so many sectors of the U.S. economy, is facing an unprecedented challenge at the hand of the coronavirus,” said Chairman Tarbert. “This challenge has been exacerbated by the difficult farm economy over the past several years, which is why it’s of the utmost importance we gather leading industry voices to gain further insight into COVID-19’s impact on the markets we regulate. The CFTC’s Livestock Market Task Force is monitoring activity around major, market-moving events, and will continue engaging experts, regulators, and market participants. Ensuring our markets are working for American agriculture is critical to fulfilling the CFTC’s mission during these challenging times.”
The CFTC is committed to continuing to perform the public’s business in a transparent manner while prioritizing the health and safety of agency personnel and the public during the coronavirus pandemic.
About Commodity Futures Trading Commission
The mission of the Commodity Futures Trading Commission is to promote the integrity, resilience, and vibrancy of the U.S. derivatives markets through sound regulation. Futures contracts for agricultural commodities have been traded in the United States for more than 150 years and have been under Federal regulation since the 1920s. When the CFTC was created in 1974 with the enactment of the Commodity Futures Trading Commission Act, most futures trading took place in the agricultural sector. Over the years, the futures industry has become increasingly varied and complex. Learn more online at https://www.cftc.gov/