February 27, 2020

Farm Bill; Ag Economy; and Regulations

Farm Bill Issues

Bloomberg writers Alan Bjerga and Derek Wallbank reported yesterday that, “Spending on agriculture, rural development and nutrition should be cut by no more than $23 billion over 10 years, leaders of the U.S. House and Senate farm panels told the supercommittee charged with reducing the federal deficit.

Specific recommendations on what to cut, including possible reductions in farm subsidies, will be provided by Nov. 1, according to a letter today from the House and Senate agriculture committees to the congressional deficit panel.

“The savings ‘should absolve the programs in our jurisdiction from any further reductions,’ the top Democrats and Republicans on the panels wrote, citing previous cuts to crop insurance and the Supplemental Nutrition Assistance Program as well as the expiration of other initiatives as reasons the total shouldn’t exceed $23 billion.”