Spencer, IA: (May 29, 2012) - The U.S. Senate is expected to vote on a farm bill in June that would cut federal spending by $23.6-billion over 10 years, thanks mainly to deep reductions in agriculture subsidies.
A new estimate from the Congressional Budget Office (CBO) released on Friday confirmed estimates by the bill’s supporters. The CBO says the 10-year price tag for the farm bill, which has broad support, is $969 billion.
The Senate Ag Committee cleared the bill to go to the full Senate in an April 26th vote.
The House of Representatives, on the other hand, has done little more than hold hearings on a farm bill.