National Farmers Union (NFU) has sent a letter to leadership of the U.S. House of Representatives Committee on Appropriations urging the removal of provisions that would prevent the implementation of portions of the Grain Inspection, Packers and Stockyards Administration (GIPSA) rule.
“NFU has long been an advocate for greater competition and fairness in livestock and poultry markets and supported the finalization of a strong set of rules put forward by the GIPSA in 2010 and 2011,” said NFU President Roger Johnson. “Unfortunately, funding for the vast majority of these provisions was removed last year, leaving only five rules, which primarily deal with poultry growers, to be implemented by GIPSA. The Fiscal Year 2013 agriculture bill would defund three of those five rules.”
Cuts to the Commodity Futures Trading Commission (CFTC) budget are also concerning to NFU.
“The FY 2013 appropriations bill in its current form would provide $180.4 million for the CFTC, which is $25 million below the previous year’s level and $128 million less than the president’s request,” said Johnson. “The CFTC, the agency that has been tasked with increased authority over agricultural and financial markets as part of the Dodd-Frank Wall Street Reform and Consumer Protection Act, needs significantly greater resources in order to help prevent the next financial crisis. NFU strongly urges the committee to increase the funding level for the CFTC in the FY 2013 agriculture appropriations bill.”