McPherson Kansas

Harvest Public Media Story
7:30 am
Thu August 30, 2012

Markets woo wary farmers

Daryl Larson, a farmer from McPherson, Kan., wants to be able to trust the markets, but is wary.
Jeremy Bernfeld/Harvest Public Media

Farmers are the bedrock of the agricultural commodities markets – after all, they make the products that are traded there.

But after the October bankruptcy of commodity trading firm MF Global and more recent allegations of shady dealings at Iowa futures firm Peregrine Financial, the bedrock is shaking.

That’s why CME Group, which owns the Chicago Board of Trade and the Chicago Mercantile Exchange, is working hard to regain farmers’ trust.

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