Comment Text:
I have managed a grain elevator and been an introducing broker for 25 years. I appreciate the CFTC's work to improve protection for futures customers but the margin requirements under the new proposal would put a major burden on our industry. The increasing capital requirements for our business the last 3-4 years has already been a huge challenge with the highly volatile grain markets. The new rules would also affect community banks that service grain elevators. Our industry would also incur more risk with more dollars in the hands of the FCM's should a bankruptcy occur.
Kent Sorrells
Sorrells Farm Supply, Inc
