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May 20, 2013

Farm Bill gets House hearing after Senate panel approval

The U.S. House Agriculture Committee debated legislation today to reauthorize farm programs, a day after the Senate panel approved a version that will cost $955 billion over 10 years.The House measure, which proposes spending an estimated $940 billion, would cut $40 billion over the next decade by eliminating $20.5 billion from nutrition programs including food stamps, the biggest USDA program, $18.6 billion in farm subsidies and 4.8 billion in environmental programs, the Congressional Budget Office reported. Crop insurance, which is making record payouts after last year’s drought, would rise by $8.9 billion under the House measure. Read More

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