The Congressional Budget Office (CBO) released its February baseline on agricultural program costs over 10 years (FY 2014-FY-2023).

P. Scott Shearer, Vice President

February 11, 2013

1 Min Read
Farm Bill 10-Year Baseline Released

The Congressional Budget Office (CBO) released its February baseline on agricultural program costs over 10 years (FY 2014-FY-2023). CBO will release another baseline in March, which will be used by Congress in writing the new farm bill. The preliminary numbers are not as bad as many were expecting. Key points from the 10-year baseline report are:

  • Total 10-year baseline for all titles of the current farm bill drop from $995 billion to $981 billion, a 1.4% reduction.

  • Nutrition programs (86% of USDA budget) drop from $771.8 billion to $760.1 billion, a 1.5% reduction primarily due to a reduction in unemployment.

  • Commodity programs increase $1.3 billion from $62.9 billion to $64.3 billion.

  • Crop insurance title goes from $89.8 billion to $86.9 billion, a 3.2% reduction.

  • Conservation programs decline from $65.3 billion to $64.9 billion.

  • CBO projects 97 million acres of corn will be planted in 2013 with a season average price of $4.51/bu.

 

About the Author(s)

P. Scott Shearer

Vice President, Bockorny Group, Inc.

Scott Shearer is vice president of the Bockorny Group Inc., a leading bipartisan government affairs consulting firm in Washington, D.C. With more than 30 years experience in government and corporate relations in state and national arenas, he is recognized as a leader in agricultural trade issues, having served as co-chairman of the Agricultural Coalition for U.S.-China Trade and co-chairman of the Agricultural Coalition for Trade Promotion Authority. Scott was instrumental in the passage of China Permanent Normal Trade Relations and TPA. He is past chairman of the USDA-USTR Agricultural Technical Advisory Committee for Trade in Animals and Animal Products and was a member of the USAID Food Security Advisory Committee. Prior to joining the Bockorny Group, Scott served as director of national relations for Farmland Industries Inc., as well as USDA’s Deputy Assistant Secretary for Congressional Affairs (1993-96), serving as liaison for the Secretary of Agriculture and the USDA to Congress.

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