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Agricultural News

Kansas City Board of Trade Appoints Public Directors for 2012

Fri, 27 Jan 2012 14:34:41 CST

Kansas City Board of Trade Appoints Public Directors for 2012 The Kansas City Board of Trade announces the election of Michael V. Dunn and James Lammle as public directors. Four public directors sit on the exchange's board, along with seven members, three of which are executive officers.

Public directors for 2012 include: Michael Braude, past president and chief executive officer of the Kansas City Board of Trade; Michael V. Dunn, former commissioner, Commodity Futures Trading Commission (CFTC); Barry L. Flinchbaugh, professor, agricultural economics, Kansas State University; and James Lammle, retired from the CFTC.

Michael V. Dunn joins the KCBT board of directors and has been appointed to a two-year term. In 2011, Dunn was inducted into the Futures Industry Association's "Futures Hall of Fame", which was established by the FIA to commemorate outstanding contributions to the global futures and options community. Dunn served two terms as a Commissioner of the CFTC. He began serving in December 2004 and continued to serve after his second term expired, finalizing service in October 2011. From January to May 2009, Dunn served as Acting Chairman for the Agency. Dunn also served as Chairman and Designated Federal Official of the Commission's Agricultural Advisory Committee (AAC). Prior to joining the CFTC, Dunn served as Director of the Office of Policy and Analysis at the Farm Credit Administration (FCA). He also served as Under Secretary of Agriculture for Marketing and Regulatory Programs, Acting Under Secretary for Rural Economic and Community Development, and as Administrator of the Farmers Home Administration (FmHA) at the U.S. Department of Agriculture (USDA). Dunn has had a long involvement in agricultural credit dating back to the late 1970s.

Lammle, who has been appointed to a new two-year term, joined the KCBT board of directors in 2008. He has had a life-long association with agri-business. In 1974 he began his career as a market analysis economist with the Commodity Exchange Authority, which was the predecessor agency to the CFTC, the current U.S. futures market regulatory agency. He transferred to the CFTC in 1975. As a market analysis economist, Lammle reviewed new contract proposals and rule changes for compliance with regulations. He transferred to the Kansas City Office of the CFTC, where he assumed responsibility for market surveillance of the contracts traded on the KCBT and MGE. In addition to his market surveillance activities, Lammle provided market analysis for the CFTC Division of Enforcement and the FBI in commodity-related cases. Lammle retired from the CFTC in April of 2006.

Braude, who is serving the second year of his two-year term, served as president and chief executive officer of the Kansas City Board of Trade from April 1984 through October 2000 before retiring. Braude currently serves as a director of Midwest Trust Company, Kansas City, Missouri; MGP Ingredients, Inc., Atchison, Kansas; and Kansas City Life Insurance Company, Kansas City, Missouri. He is a trustee of Midwest Research Institute, Kansas City.

Flinchbaugh, who is serving the second year of his two-year term, joined the KCBT board of directors in 1997. He teaches a course in agricultural policy and lectures throughout Kansas and the nation. He joined KSU in 1971, and has conducted statewide public affairs educational programs in such areas as financing state and local government, food and agricultural policy, use value appraisal of Kansas farmland, and water policy. Flinchbaugh served for five years as chairman of the prestigious Alfred M. Landon lecture series on public issues, and served for four years as special assistant to the president of KSU. Flinchbaugh currently serves as chair of the Farm Foundation board of directors.



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