Austin Scott

Whatever we do, going forward, we need to keep in mind the people of Cuba. I am not interested in helping the Castros, but not trading with Cuba is not helping the people of that country.

Did you look at a dehydration and then rehydration, you can carry a lot less when you are carrying water.

Equivalence recognition and substituted compliance decisions must be resolved more quickly.

We look forward to exploring these and other issues more deeply today.

Regulations must not unnecessarily fragment the market, defining liquidity pools by borders instead of market needs.

There needs to be a lot more Federal emphasis primarily, of course, state emphasis, but I think Federal because this our food supply as a nation...

While Congress has been explicit in its efforts to exempt these end-users from much of the regulatory burdens associated with Dodd-Frank, these rules could have impacts on end-users if they drive intermediaries, like futures commission…

Protecting end-users does not need to be a zero-sum game. I believe we can both build resilient markets and protect end-users from unnecessary burdens.

On a fundamental level, derivatives markets exist for hedgers, for those businesses and people who have risks that they seek to manage.

I believe it is important to hold hearings like the one today to make sure the credit needs of producers are being met.

I want to go back to Mr. Duvall, if I can. Our cotton producers can't just--those cotton pickers cost a lot of money.

there seems to be a big disconnect between what Americans are paying for their groceries and what people, who are actually out there growing the crop are receiving for it.

One of my primary concerns as a Member of this Committee is when we get into writing the next farm bill, one of the things we have to make sure of is that we don't allow commodity groups to be pitted against commodity groups.

Those production practices today are under attack, in many cases, by some of the same people that on one day wear the hat for we should be doing more for people to alleviate hunger.

the guaranteed lending model is more efficient, allows us to use our resources more efficiently.

I trust the people at the Tift County school system... we don't need somebody from Washington, D.C. telling us what to feed the students.

The perception of the fraud is a problem for the program because the American citizens have lost faith in Washington being able to stop the abuses.

If that attitude is there at three of five stores that somebody owns, I would be willing to bet that it is there at the other two, too.

the needs exceed our authorities, and even our specific ways we can work.

I would suggest that maybe a more accurate description would be that it reduces the impact of poverty on their lives.

Thank you, Mr. Chairman. And I appreciate the comment about the agricultural industry being profitable.

The success or failure of our financial reform efforts cannot be judged by the list of rules finalized by the CFTC.

How are lower commodity prices good for the farm economy?

When we die, the government takes 50 percent of our land.

I am out of time. If I could make one final point? Secretary Vilsack, the people in the USDA know when we plant cotton.