FACACLASSIC

Note: An Annual Comprehensive Review, as required by §7 of the Federal Advisory Committee Act, is conducted each year on committee data entered for the previous fiscal year (referred to as the reporting year). The data for the reporting year is not considered verified until this review is complete and the data is moved to history for an agency/department. See the Data From Previous Years section at the bottom of this page for the committee’s historical, verified data.

Details on agency responses to committee recommendations can be found under the Performance Measures section for each committee in the fields “Agency Feedback” and “Agency Feedback Comment.”

CFTC - 305 - Agricultural Advisory Committee - Agency Authority

GENERAL INFORMATION

Committee Name	Agricultural Advisory Committee	Agency Name	Commodity Futures Trading Commission
Fiscal Year	2025	Committee Number	305
Original Establishment Date	6/8/1983	Committee Status	Chartered
Actual Termination Date		Committee URL	https://www.cftc.gov/About/AdvisoryCommittees/AAC
Actual Merged Date		Presidential Appointments*	No
New Committee This FY	No	Max Number of Members*	35
Terminated This FY	No	Designated Fed Officer Position Title*
Merged This FY		Designated Federal Officer Prefix
Current Charter Date	8/1/2024	Designated Federal Officer First Name*
Date Of Renewal Charter	8/1/2026	Designated Federal Officer Middle Name
Projected Termination Date		Designated Federal Officer Last Name*
Exempt From Renewal*	No	Designated Federal Officer Suffix
Specific Termination Authority		Designated Federal Officer Phone*
Establishment Authority*	Agency Authority	Designated Federal Officer Fax*
Specific Establishment Authority*	Commission Order 48 F.R. 26508	Designated Federal Officer Email*
Effective Date Of Authority*	6/8/1983
Exempt From EO 13875 Discretionary Cmte	Not Applicable
Committee Type*	Continuing
Presidential*	No
Committee Function*	Non Scientific Program Advisory Board

RECOMMENDATION/JUSTIFICATIONS

Agency Recommendation*	Continue
Legislation to Terminate Required	Not Applicable
Legislation Status	Not Applicable
How does cmte accomplish its purpose?*	The AAC serves as a channel of communication between the Commission and the many agricultural and agriculture-related organizations. The AAC continues to fulfill its mission by providing the Commission with advice and recommendations on issues affecting agricultural producers; consumers; processors; lenders; other major market participants, including derivatives intermediaries, buy-side representatives, and exchanges; regulators; and others interested in or affected by the agricultural derivatives markets through public meetings.
How is membership balanced?*	The AAC charter includes a membership balance plan designed to elicit the broadest possible spectrum of viewpoints on issues relating to agricultural markets. Its members include representatives from: 1) agricultural producers and/or direct and indirect users/consumers of agricultural products, including general farm organizations, national commodity groups, and processing and marketing groups; 2) providers of agricultural credit; 3) other major market participants, including derivatives intermediaries, buy-side representatives, and exchanges; 4) regulators or representatives from other relevant government agencies, including representatives from the United States Department of Agriculture; and 5) academia or public interest groups.
How frequent & relevant are cmte mtgs?*	The Commission’s goal is for the AAC to meet at least annually although the frequency of meetings may be adjusted depending on Commission priorities, budgetary considerations, and the availability of a sponsor. The Commission continues to rely upon and benefit from the advice and recommendations of the AAC's members.
Why advice can't be obtained elsewhere?*	As the exclusive regulator of agricultural derivatives markets, the Commission has determined that it is necessary to obtain advice on issues directly impacting those affected by the regulation of these markets, as well as indirectly affected by the market's price discovery function. The AAC provides a forum to facilitate interaction with and communications between the Commission and the diverse agricultural and agriculture-related organizations represented on the AAC. The Commission has found that the most efficient and thorough means of obtaining such advice and facilitating such communications is through the current AAC framework, since, among other things, it would be difficult to assemble such a geographically diverse cross-section of persons that represent such a wide variety of agricultural organizations. Moreover, the AAC is the most cost effective way to access input and information, particularly since the Commission does not compensate members and does not provide for members' travel expenses and accommodations for meetings.
Why close or partially close meetings?	N/A
Recommendation Remarks

PERFORMANCE MEASURES

Outcome Improvement To Health Or Safety*	No	Action Reorganize Priorities*	No
Outcome Trust In Government	Yes	Action Reallocate Resources	No
Outcome Major Policy Changes	No	Action Issued New Regulations	No
Outcome Advance In Scientific Research	No	Action Proposed Legislation	No
Outcome Effective Grant Making	No	Action Approved Grants Or Other Payments	No
Outcome Improved Service Delivery	No	Action Other	No
Outcome Increased Customer Satisfaction	No	Action Comment	N/A
Outcome Implement Laws/Reg Requirements	Yes	Grants Review*	No
Outcome Other	Yes	Number Of Grants Reviewed	0
Outcome Comment	The AAC assists the Commission with assessing issues impacting agricultural producers, processors, lenders, and others interested in or affected by the agricultural commodity, futures, and swaps markets, and also contributes to pending rulemakings and policy considerations within the Commission.	Number Of Grants Recommended	0
Cost Savings*	Unable to Determine	Dollar Value Of Grants Recommended	$0.00
Cost Savings Comment	N/A	Grants Review Comment	N/A
Number Of Recommendations*	0	Access Contact Designated Fed. Officer*	No
Number Of Recommendations Comment	N/A	Access Agency Website	Yes
% of Recs Fully Implemented*	0.00%	Access Committee Website	No
% of Recs Fully Implemented Comment	N/A	Access GSA FACA Website	Yes
% of Recs Partially Implemented*	0.00%	Access Publications	No
% of Recs Partially Implemented Comment	N/A	Access Other	No
Agency Feedback*	Not Applicable	Access Comment	N/A
Agency Feedback Comment*	N/A	Narrative Description*	The Commodity Exchange Act confers exclusive jurisdiction to the CFTC to regulate derivatives markets, which includes agricultural derivatives markets. The CFTC's mission is to foster open, competitive, and financially sound markets and to protect market users and the publlic. The AAC supports this mission by providing feedback to the Commission on how its regulatory oversight impacts agricultural producers, storage providers, processors, lenders, and others interested in or affected by the agricultural commodity, futures, and swaps markets. The CFTC’s strategic plan has five goals: 1) Strengthening Market Resilience and Integrity while Promoting Vibrancy; 2) Regulate Markets to Promote the Interests of all Americans; 3) Encourage Innovation and Enhance the Regulatory Experience Domestically and Abroad; 4) Be Tough on those who Break the Rules; 5) Focus on the Unique Mission and Improve Operational Effectiveness. Input to the Commission from the AAC supports all five of the CFTC’s strategic plan goals.

COSTS

1. Payments to Non-Federal Members*		1. Est Paymnts to Non-Fed Membrs Nxt FY*
2. Payments to Federal Members*		2. Est. Payments to Fed Members Next FY*
3. Payments to Federal Staff*		3. Estimated Payments to Federal Staff*
4. Payments to Consultants*		4. Est. Payments to Consultants Next FY*
5. Travel Reimb. For Non-Federal Membrs*		5. Est Travel Reimb Non-Fed Membr nxtFY*
6. Travel Reimb. For Federal Members*		6. Est Travel Reimb For Fed Members*
7. Travel Reimb. For Federal Staff*		7. Est. Travel Reimb to Fed Staf Nxt FY*
8. Travel Reimb. For Consultants*		8. Est Travel Reimb to Consltnts Nxt FY*
10. Other Costs		10. Est. Other Costs Next FY*
11. Total Costs	$0.00	11. Est. Total Next FY*	$0.00
Date Cost Last Modified	2/19/2025 10:42 AM	Est. Fed Staff Support Next FY*
Federal Staff Support (FTE)*		Est Cost Remarks
Cost Remarks

Interest Areas

Category Area Agriculture Agriculture Business Business and Domestic Commerce Environment Environmental Issues Finance Finance Legislation Regulations

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