NGFA Urges CFTC to Exempt Non-Financial End Users from Swap Margin, Capital Requirements

Reiterates call for agency to exclude bona-fide agricultural hedgers from being classified as ‘swap dealers’


         If imposed on agricultural hedgers, the NGFA warned that the additional costs associated with swap-related margin and capital requirements “likely would ripple” through the marketing system and eventually reduce the price paid to producers for their commodities.