Rep. K. Michael Conaway, Chairman of the House Agriculture Committee's Subcommittee on General Farm Commodities and Risk Management, held a hearing to examine the efforts of the U.S. Department of Agriculture (USDA) as it implements the new commodity and crop insurance titles of the Agricultural Act of 2014, otherwise known as the farm bill.
December 8, 2012 - MF Global Bankruptcy Hearing
December 8, 2011 - the House Agriculture Committee held a public hearing to examine the MF Global bankruptcy and reports that as much as $1.2 billion in customer funds have gone missing. The disappearance of customer funds from MF Global has badly shaken the trust that farmers, ranchers, and businesses across America place in futures trading.
The hearing marked the first public comments about the circumstances surrounding the bankruptcy from MF Global’s former CEO, Jon Corzine.
Members questioned Corzine and other witnesses about the events leading up to the bankruptcy and the whereabouts of customer funds.