New Mont. senator joins Ag committee |

New Mont. senator joins Ag committee

Sen. John Walsh, D-Mont., has joined the Senate Agriculture Committee and made his first speech in the committee today.

Walsh was appointed to fill the seat of Sen. Max Baucus, D-Mont., who resigned to become U.S. ambassador to China. Walsh was sworn in on February 11, and will be a candidate for election this fall. Baucus also served on the Agriculture committee.

At a hearing on nominees to the Commodity Futures Trading Commission today, which was the first the committee has held since he was sworn in, Walsh noted that he is the only member of the Montana delegation to serve on an Agriculture committee.

Walsh said it is his goal to represent his state’s farm interests and to promote Montana’s “top notch” agricultural products.

Walsh also noted he believes CFTC regulators were “not on the clock” when the MF Global financial scandal occurred.

Montana farmers, who had placed their money with MF Global for hedging purposes, have gotten their money back, but it has taken several years. Walsh said he looks forward to consideration of further reforms to the CFTC during its reauthorization process.

Walsh also serves on the Commerce, Science and Transportation Committee, the Rules and Administration Committee and the Special Committee on Aging. F

–the Hagstrom Report

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