Georgia Leadership Sends Letter to Secretary Vilsack Regarding Relief for Cotton Merchandisers

Yesterday, Representative David Scott (D-GA), Chairman of the House Committee on Agriculture, Representative Sanford Bishop (D-GA), Chairman of the Subcommittee on Agriculture, Rural Development, Food and Drug Administration, and Related Agencies, and Senator Raphael Warnock (D-GA), the sole cotton state Democrat on the Senate Committee on Agriculture, Nutrition, and Forestry wrote a letter to Secretary Vilsack asking him to use a portion of the discretionary funding given to the USDA through previous COVID-19 relief packages to assist cotton merchandisers. This coalition of key leaders referenced the additional assumed risks and costs created from COVID-19 related diminished demand and supply chain disruptions, recognizing the “important roles of merchandisers in providing liquidity and risk management to producers.” The ACSA staff is very grateful for the support displayed by these Congressional leaders.

Letter Here

More Advocacy Issues

CFTC Ag Advisory Committee Holds Final Meeting of 2023

December 15^th, 2023

Yesterday, the Commodity Futures Trading Commission’s (CFTC) Agriculture Advisory Committee, led by CFTC Chairman Rostin Behnam, held a meeting to discuss three main topics: futures margining and the agricultural markets, the impact of Russian-Ukrainian war on wheat futures prices, and global events impact on the futures market. ACSA President and CEO Buddy Allen took the […]

Senate Banking Committee Raises Concerns Around the Basel III Endgame Proposal

December 7^th, 2023

Yesterday, the Senate Banking, Housing and Urban Affairs Committee held a hearing on “AnnualOversight of Wall Street Firms,” which centered around the Basel III Endgame Proposal. ACSA recently signed onto a letter stating our opposition to the proposal. Republican Members and witnesses alike generally stated that the proposal’s capital requirement increases will create a burdensome […]

Government Shutdown & Speaker of the House Update

October 3^rd, 2023

Below, Delta Strategy Group shared an overview on where things stands in Washington, D.C. when it comes to the status of a government shutdown and the recent removal of Kevin McCarthy (R-CA) as Speaker of the House. In September, Congress reached the brink of a government shutdown due to conflicts within the Republican party. Members […]

ACSA Comments to the Federal Maritime Commission

August 3^rd, 2023

Please click here for the Comments on the Supplemental Notice of Proposed Rulemaking Establishing the Definition of Unreasonable Refusal to Deal or Negotiate with Respect to Vessel Space Accommodations Provided by an Ocean Common Carrier.

ACSA President and Chairman Participate in CFTC Meeting

December 8^th, 2022

On December 7, 2022, Commodity Futures Trading Commission (“CFTC”) held an Agricultural Advisory Committee (“AAC”) meeting to discuss topics related to the agricultural economy and recent developments in the agricultural derivatives markets. ACSA President/CEO Buddy Allen and Chairman Tommy Hayden of Louis Dreyfus Company both serve on the committee. Summary here.

Congress Discusses U.S.-Taiwan Trade

September 16^th, 2022

On September 14th, the House Ways and Means Committee held a hearing titled, “The Future of U.S.-Taiwan Trade.” There were four witnesses, including Texas Farm Bureau President Russell Boening. Summary here.