It looks like lawmakers will have $130 billion less to write the upcoming farm bill than they did for the past one. The Congressional Budget Office made that announcement when it published its 10-year baseline projections. The C.B.O. predicts that both farm and nutrition programs would cost roughly $822 billion over the next ten years. That breaks down to $679 billion for the SNAP program and $143 billion for ag programs like crop insurance, commodity subsidies, conservation, and other programs. However, the money lawmakers have available could go even lower if Congress passes a budget resolution. House Budget Committee Chair Diane Black, a Tennessee Republican, along with the House Freedom Caucus, had been asking for massive farm bill spending cuts over the next ten years. House Ag Committee Chair Mike Conaway and Black came to an agreement on a spending number that Conaway says will allow him to write a farm bill. Politico’s Morning Ag Report took a look at costs in the 2014 Farm Bill and found lower numbers than expected. The SNAP program, crop insurance, and conservation programs all cost less than budgeted for, with commodity subsidies the only area that cost more than budgeted for in 2014.
From the National Association of Farm Broadcasting News Service.