Commodity Futures Trading Commission (CFTC or Commission) Chairman J. Christopher Giancarlo, sponsor of the Agricultural Advisory Committee (AAC), announced today the CFTC is seeking nominations for membership and public input on the AAC’s priorities. The deadline for submissions is March 1, 2019.
“I’d like to thank Commissioner Behnam for his sponsorship of the Agricultural Advisory Committee this past year. I am excited to assume the sponsorship of this important committee and to welcome new and returning members to serve,” said Chairman Giancarlo. “Agricultural commodity prices play a critical role in decision-making and resource allocation across the supply chain, enhancing the overall competitiveness of the US agricultural sector. As the agricultural derivatives marketplace continues to evolve and innovate, we must ensure that the critical functions of price discovery and risk management endure. In reconstituting the Committee and developing its agenda, I look forward to hearing from a broad range of agricultural producers, processors and end users, as well as other regulators and stakeholders, to chart the AAC’s course.”
In a Federal Register notice published today, Chairman Giancarlo invites organizations and members of the public to nominate individuals for membership on the AAC. Self-nominations are also acceptable; government employees may also serve on the AAC in an official capacity.
CFTC’s Advisory Committees were created to seek input and make recommendations to the Commission on a variety of regulatory and market issues that affect the integrity and competitiveness of U.S. markets. The committees facilitate communication among the Commission and U.S. markets, trading firms, market participants, advocates and commercial end users.
Specifically, the AAC provides the Commission with input to assess issues affecting agricultural producers, processors, lenders and others interested in or affected by the agricultural commodity derivatives markets.