December 14, 2019

Farm Bill; Food Safety; Ag Economy; Biotech; Biofuels; Animal Ag; and Climate

Farm Bill: Spending Issues- Political Background (“Cut-Go”)

The “Washington Insider” section of DTN reported yesterday (link requires subscription) that, “One of the time-honored controversies that occupy nearly every Congress concerns the mechanism used to evaluate the future cost of proposed bills. Recently, a device called Pay-Go has been used to require, in concept, that budget experts examine each proposal and estimate the amount of spending it would require over the coming decade compared with that otherwise expected. Any increase, either from spending or revenue cuts, is required to be offset by cuts in other spending, or increases in taxes and fees.”