CFTC Chairman Timothy Massad made the bold claim at a Senate hearing this week that his agency would develop "bright-line rules" in its pending position limits proposal that would clearly distinguish between "what is really legitimate hedging versus excessive speculation." Bald-Faced Lies An article entitled "The New Food Police" in Modern Farming magazine reflects some balance but nonetheless skews to the populist line that big is bad in food, particularly when it comes to food safety. Some of the attacks on Big Ag include:

"Massive food processors can quickly distribute tainted goods around the world." "our industrialized food system could harm us" "large-scale contagion" "the numerous foodborne contagions spread by giant agribusi...