The following commentary does not necessarily reflect the views of AgWeb or Farm Journal Media. The opinions expressed below are the author's own.
Paul is now part of the fourth generation in America that is involved in farming and hopes the next generation will be involved also. Through his blog he provides analysis and insight to farmer tax questions.
In response to the bankruptcy filing of Peregrine Financial Group this week and the MF Global filing last year, here are some red flags to watch out for in picking a broker (or continuing with one) to handle your futures trading and hedging:
Remember, the bottom line is that it is your responsibility to determine if your commodity broker is sound. Don't assume somebody else will bail you out. (You are not Bank of America, Citibank, etc.)
This advice can also be used for almost picking any professional financial adviser.
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