ACSA Along with 100 Supply Chain Participants Share Testimony on Congestion in the Memphis Marketplace

On August 11th, ACSA leaders including Buddy Allen of American Cotton Shippers Association, Michael Symonanis of Allenberg Cotton Co., Donna Lemm of IMC Companies, and Neely Mallory of Mallory Alexander International Logistics participated in a Federal Maritime Commission Memphis Supply Chain Stakeholder Meeting led by Commissioner Rebecca Dye. Over 100 stakeholders participated in the meeting including FMC Chairman Dan Maffei, Surface Transportation Board (STB) Chairman Martin Oberman, STB Board Member Patrick Fuchs, and key Congressional staff. In the meeting participants share testimony regarding supply chain congestion in the Memphis marketplace and the impact on their companies. Following that, Buddy shared a potential legislative solution by creating an interoperable, grey pool pilot in Memphis. Meeting summary below. Whitepaper created by the Memphis Supply Chain Innovation Team that discusses the problem and potential solution can be found below.

Meeting Summary Here

Whitepaper here

More Advocacy Issues

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.

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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.

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ACSA would like to thank Betsy Olim, host of Export Stories Podcast, for dedicating an episode on cotton. The episode focuses on current challenges faced by the cotton industry and ACSA’s advocacy efforts to increase efficiency and security for our supply chain.  Podcast here.

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On August 3rd, Chairwoman of the Senate Agriculture Committee Debbie Stabenow (D-MI) and Ranking Member John Boozman (R-AR) along with Senators Cory Booker (D-NJ) and John Thune (R-SD) introduced the Digital Commodities Consumer Protection Act of 2022 to give the Commodity Futures Trading Commission new tools and authorities to regulate digital commodities.  Summary here.

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On June 20th, the House Agriculture Committee Subcommittee on General Farm Commodities and Risk Management held a hearing entitled “A 2022 Review of the Farm Bill: Stakeholder Perspectives on Title XI Crop Insurance.”  Summary here.

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On June 17th, the Senate Agriculture Committee held a hearing in Committee Ranking Member John Boozman’s home state of Arkansas entitled, “2023 Farm Bill: Perspectives from the Natural State.” ACSA would like to thank American Cotton Producers (ACP) Chairman Nathan Reed for sharing his perspectives on important topics going into the next Farm Bill, including […]

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