Jul 14, 2014
Home| Tools| Events| Blogs| Discussions Sign UpLogin

CBO Provides Estimates of Impacts of Senate Farm Bill Draft

April 24, 2012
By: Jim Wiesemeyer, Pro Farmer Washington Consultant

via a special arrangement with Informa Economics, Inc.

Measure would reduce direct spending by $26.4 billion over 2013-2022 period


NOTE: This column is copyrighted material, therefore reproduction or retransmission is prohibited under U.S. copyright laws.


Soybeans, dry peas and lentils would get more payments under the proposed Senate farm bill than current policy, based on Congressional Budget Office (CBO) estimates of the draft measure. Wheat and upland cotton would lose the most in payments. Link to full report.

The Senate draft bill would reduce direct spending by $26.4 billion from the current baseline during fiscal years 2013 to 2022, the CBO said Monday. The Senate Agriculture Committee had set a target of a net $23 billion reduction in mandatory spending.

 

The three major areas of savings over 10 years are $19.5 billion in commodities, $6.4 billion in conservation programs and $4.2 billion in the Supplemental Nutrition Assistance Program (SNAP). Some of that savings would be offset by about $4.2 billion in additional mandatory spending.

 

On Monday, several groups sent a letter (link) to Senate Ag Chairwoman Debbie Stabenow urging a postponement of Wednesday's scheduled markup, due to concerns they have regarding the rice, cotton, peanut and other provisions of the farm bill draft.

READ MORE
Previous 1 2 3 ... Next

See Comments

RELATED TOPICS: Inside Washington Today

 
Log In or Sign Up to comment

COMMENTS

No comments have been posted



Name:

Comments:

Receive the latest news, information and commentary customized for you. Sign up to receive the AgWeb Daily eNewsletter today!.

 
 
Enter Zip Code below to view live local results:
bayer
 
 
The Home Page of Agriculture
© 2014 Farm Journal, Inc. All Rights Reserved|Web site design and development by AmericanEagle.com|Site Map|Privacy Policy|Terms & Conditions