Chairman Frank Lucas today released the following statement on Scott O'Malia's last day as Commissioner of the Commodity Futures Trading Commission (CFTC). Last month, O’Malia announced he would resign to pursue other opportunities.
Crop Insurance Agricultural Forums Announced
The U.S. House Agriculture Committee slates a series of agricultural forums, February 16 and February 18, building consensus for action on crop insurance reform. Agriculture Committee Chairman Larry Combest (R-TX) maintains that the committee will forge ahead with program improvements in crop insurance, despite the Clinton Administration's failure to include any funding for reforms in the coming year's federal budget.
"Reforming the current risk management system is going to take a lot of work. While we plan for long term reform, we must also work for better coverage now. We are moving forward on our commitment to producers to make the crop insurance program work," said Chairman Larry Combest (R-TX).
Three crop insurance forums open the agenda of the subcommittee charged with crop insurance improvements. U.S. Representative Thomas W. Ewing (R-IL), Chairman of the Risk Management, Research and Specialty Crops Subcommittee said the shortcomings of crop insurance are all too-well known. His focus is on building consensus through these listening sessions.
"The Federal Crop Insurance program is a vital safety net for the U.S. agriculture," said Rep. Ewing. "Our primary goal is to make sure we hear from producers, agents and companies as the committee works on making short-term improvements to the crop insurance program."
The forums are open to the public, and will be held in the following locations:
Tuesday, February 16 at 1:15 p.m. in Perry, Georgia at the Georgia Agricenter, 401 Larry Walker Parkway
Tuesday, February 16 at 5:00 p.m. in Douglas, Georgia at South Georgia College, 100 West College Park Drive
Thursday, February 18 at 1:30 p.m. in Laurinburg, North Carolina at St. Andrews College Avinger Auditorium, 1700 Dogwood Mile