Chairman Frank Lucas issued the following statement welcoming the news that the U.S. Department of Agriculture (USDA) will move forward with implementing the Actual Production History (APH) adjustment for 2015 spring-planted crops. This crop insurance provision in the Agricultural Act of 2014 allows yield adjustments when losses are widespread and beyond the control of producers.
Lucas Calls for Information on MF Global Bankruptcy
December 7, 2011 - House Agriculture Committee Chairman Frank D. Lucas was interviewed by Bloomberg Television's Street Smart program on the MF Global Bankruptcy. Lucas emphasized the importance of restoring confidence in the futures markets after customer funds were reported missing.