While the leaders of the Congressional Agriculture Committees have yet to announce the final details of their proposed Farm Bill cuts to the Super Committee, they have announced a goal of $23 billion in cuts to FB programs. We expect that cuts will touch commodity supports, conservation, and nutrition. The most recent information suggests that the proposal will cut:
- Conservation programs by $6.5 billion (a 10 percent cut relative to the Congressional Budget Office’s (CBO) currently projected baseline for the Farm Bill).
- Commodity supports by $14 to $15 billion (24 percent)
- Nutrition programs by $4 to $5 billion (1 percent)
At first blush the cuts to conservation and nutrition may seem small, but there’s more at risk than meets the eye. Read More >