The Congressional Budget Office is out with its latest estimate of baseline funding available to write the next farm bill. The CBO says the last farm bill saved much more than expected on food stamps and crop insurance. Iowa Senator Chuck Grassley says the budget office expects more baseline savings on farm and nutrition programs over the next ten years.
As producers seek a more certain price-floor amid continued low prices and as crop insurance remains a popular safety net program.
7-point-5 billion a year less than the last farm bill. But Grassley points out, funding for 37-farm bill programs will expire without new funding, while numerous groups are calling for new spending in other areas.
Especially since budget writers could demand additional savings in government programs. House Ag appropriators have already proposed a 5-billion dollar cut in FY ’18 food stamp spending.