Aides: Farm bill saves $23 billion, with $10 billion more in some programs
January 27, 2014 | 09:13 PM
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.