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Comment for Proposed Rule 79 FR 71973

  • From: John Meuret
    Organization(s):
    JE Meuret Grain Co. Inc.

    Comment No: 60218
    Date: 1/8/2015

    Comment Text:

    Our small family business has been here since 1923. I am the 4th generation in this family helping the farmers manage risk in the crops that they grow. We have always used the Chicago board of trade to help manage risk associated with running a grain elevator. Pre-hedge and spread risk are two key items that are necessary for us to be successful in our business. Our business has grown from box car loadings, to 110 rail car 440,000 bushel shipments at one time. During this transition margins have continued to shrink. The last thing that we need is an additional cost of doing business, that can't be passed along to a farmer who is hurting as well. Please act carefully when making rules that may affect family business and farmers alike.

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