The Margin Protection Program will help dairy farmers better manage the risks associated with dairy production and help alleviate dramatic consumer price fluctuations at the grocery store. I am pleased so many producers took the time to learn about the new safety net and chose to enroll in the program.

Today's announcement leaves the future of ethanol, biodiesel and other advanced biofuels up in the air. The RFS has played a major role in keeping the rural economy strong and continued inaction could put that in jeopardy.

As a fellow CPA, I think we can find common ground as the Committee oversees farm bill implementation and reauthorizing the CFTC during the next Congress. The Agriculture Committee has a strong bipartisan tradition, which I look forward to continuing under Chairman Conaway.

Beginning Monday, farmers will be able to visit their local FSA offices to learn more about these important risk management tools and make the best decision for their individual operation.

The work pilot programs that we’re looking at today are an example of the bipartisan, cooperative work the Agriculture Committee does so well. We authorized these pilot projects because we value work and we want to put people back to work.

This legislation is necessary because, in my view, the EPA does not seem to understand the real world effects these regulations will have on farmers across the country.

House Agriculture Committee Ranking Member Collin Peterson today announced that the U.S. Department of Agriculture (USDA) will open enrollment for the dairy Margin Protection Program on September 2.

The legislation simply makes clear Congressional intent by amending both the Clean Water Act and the Federal Insecticide, Fungicide and Rodenticide Act, or FIFRA, to prohibit permits for pesticide application when pesticides are applied consistent with FIFRA.

The bill before us today is bipartisan, reasonable legislation to reauthorize the CFTC. I believe this bill strikes the necessary balance to actually become law.

I believe H.R. 4413 is reasonable legislation that ensures a well-functioning CFTC, regulates financial entities dealing in the swaps market, and allows end-users to continue using derivatives to hedge the risks associated with their underlying business.