CRS: House Farm Bill Costs Less than Senate Bill
October 28, 2013
A new Congressional Research Service (CRS) report indicates the House-passed farm bill would reduce government expenditures on agriculture and nutrition by $51.9 billion over a 10-year period, compared to savings of $17.9 billion in the Senate-passed farm bill.
Like what you’re reading? Subscribe to the National Hog Farmer Weekly Preview newsletter and get the latest news delivered right to your inbox every week!
The reason for the additional $34 billion in cuts in the House bill is the much deeper cuts in the Supplemental Nutrition Assistance Program (SNAP). When comparing the “agriculture-related programs,” the Senate bill cuts spending by $13.9 billion compared to $12.9 billion in the House.
You might also like:
Market Observations Post-USDA Return
Beef Exports Strong, Pork Exports Slip
You May Also Like