The Hagstrom Report

Agriculture News As It Happens

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Aides: Farm bill saves $23 billion, with $10 billion more in some programs

The formal Congressional Budget Office score for the farm bill conference report has not yet been released, but here are key figures The Hagstrom Report has obtained from congressional aides:
  • Program cuts total $33 billion, but $10 billion is plowed back into other programs, leaving savings in the bill at around $23 billion over 10 years. This meets the original goal House and Senate Ag committee leaders set out in the fall of 2011.
  • Cuts from farm programs total $19 billion from farm programs by ending direct payments and reducing Title I farm subsidy programs)
  • Cuts from conservation programs total $6 billion by combining 23 programs into 13, increasing flexibility and emphasizing “top priorities.” The approach was supported by 650 conservation groups across the country.
  • Cuts in nutrition programs total $8 billion by requiring states to make at least a $20 year payment for utility costs to trigger a higher food stamp payment, and by eliminating food stamps for lottery winners and tightening up on qualifications for college students who get them.
  • Increases in the following programs total $10 billion: crop insurance, research, promoting exports, support for specialty crops, bio-manufacturing, bio-energy, horticulture, rural development, etc.