May. 25, 2022
Dear Commissioner Gary Gensler, Good morning, I would like to write with concerns about the proposed climate disclosure rule, File Number S7-10-22. The SEC is rushing to jam through a rule that raises huge issues. The SEC proposed rule is 510 pages long, with 1,068 technical footnotes and 750 direct questions, but the SEC has only given farmers 39 days to review and comment. That is not good and transparent government, and this makes it impossible to understand the scope and detail of what will be required for farmers. Unlike corporations currently regulated by the SEC, farmers and ranchers don’t have a team of compliance officers or attorneys dedicated to handling SEC compliance issues. There are many questions about how privacy will be protected, what the substantial costs and legal liabilities will be, and whether reporting requirements will disqualify small, family-owned farms from doing business with public companies, or companies that supply public companies, which would have the unfortunate effect of causing more consolidation in agriculture. This is an example of overreach by the Securities and Exchange Commission. Please protect our farmers to the best of your ability by limiting government overreach. Sincerely, Kyleigh Regards, Kyleigh Vrettos