Will oversee Subcommittee on Commodities, Markets, Trade and Risk Management
Jan 28 2015
WASHINGTON – Senate Agriculture Committee Chairman Pat Roberts (R-KS) named U.S. Senator John Boozman (R-AR) the Chairman of the Senate Subcommittee on Commodities, Markets, Trade and Risk Management for the 114th Congress.
“This subcommittee’s work is important to the wellbeing of our agricultural economy. I am honored that Chairman Roberts and my colleagues on the committee have entrusted me with this responsibility,” Boozman said.
“I am pleased Senator Boozman can continue his leadership on behalf of Arkansas’ farmers and ranchers on the Committee,” Roberts said. “As Chairman of the Subcommittee on Commodities, Risk Management and Trade, I am confident Senator Boozman will fight to ensure the federal government is doing all it can to ensure producers succeed.”
The subcommittee has jurisdiction over following issue areas: the production of agricultural crops, commodities and products; farm and ranch income protection and assistance, including safety net programs and farm credit; commodity price support programs; insurance and risk protection; fresh water food production; agricultural trade; foreign market development; and futures, options and derivatives.
“As we move to reauthorize the Commodity Futures Trading Commission, help implement the new Farm Bill and push for free and fair trade agreements for American producers, this subcommittee will ensure the needs of the agricultural community are put first,” Boozman said. “Farmers, ranchers, and other end users did not cause the financial crisis, but unfortunately, they’re getting caught up in regulations that are aimed at large financial institutions. Farmers shouldn’t be unfairly subjected to the same regulations as speculators on Wall Street.”