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Comment for Industry Filing 18-001

  • From: Grant Webber
    Organization(s):
    G&R Farms

    Comment No: 61735
    Date: 8/10/2018

    Comment Text:

    As a farmer I support changes to the storage rate in corn and soybean futures. This change would allow for a better convergence between my cash price and Futures price. A more accurate cash price makes my job as a risk manager easier and more effective on my operation. I have seen too many times when I have a crop insurance indemnity that looses it's effectiveness because the crop insurance only recognizes the futures price. I also believe that an annual evaluation is critical to make this work better at the and user level. Thank you for your consideration and time on this important topic!

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