Farm Bill- Policy Issues
Reuters writer Charles Abbott reported yesterday that, “Congress will begin writing a new, $500 billion farm law next week, the head of the Senate Agriculture Committee said on Tuesday, even as calls mounted for deeper cuts in farm subsidies and food stamp spending.
“The Senate panel has scheduled a bill-drafting session for May 14. Its House of Representatives counterpart, unofficially, aims to start writing its version on May 15.”
Mr. Abbott noted that, “Senate Agriculture chairwoman Debbie Stabenow, Democrat of Michigan, has said the Senate bill would cut farm bill outlays by $23 billion over 10 years. The House bill is expected to aim for savings of $35 billion over a decade.”
“Stabenow’s proposal would shave $4 billion from food stamps, compared with the $20 billion that House Agriculture Committee chairman Frank Lucas, an Oklahoma Republican, has targeted,” yesterday’s article said.