Analyst: Farm bill prospects nearly nonexistent this year
Except for the “lame duck long shot” of a post-election compromise, the slim chances that Congress will pass a new farm bill this year “have become nonexistent,” said farm policy expert Jonathan Coppess on Thursday. The primary reason is the “long-unspecified demand” by Republicans for higher crop subsidy spending without providing details, wrote Coppess, a USDA official during the Obama era, at the farmdoc daily blog.
Project 2025 plan for USDA: Repeal crop subsidies, move SNAP to HHS
In a second term as president, Donald Trump would seek repeal of crop subsidy and export promotion programs, make farmers pay more for crop insurance, and move all of USDA's public nutrition programs, including SNAP and school lunch, to the Department of Health and Human Services if he follows the advice of Project 2025, written by conservatives.
SNAP costs fall by 5 percent in new CBO estimate
The largest U.S. anti-hunger program, SNAP, will cost $59 billion less over the coming decade than thought in February because food prices are moderating, said the Congressional Budget Office. The updated CBO baseline also indicated that estimated savings in the House Republican farm bill were too high and not nearly enough to pay for the plan’s proposed increases in crop subsidy and crop insurance spending.
House farm bill is built on ‘voodoo economics,’ says analyst
The House Agriculture Committee is relying on made-up math to pay for a huge increase in crop subsidy and crop insurance spending, said analysts during a think tank discussion on Wednesday. “It makes voodoo economics look great,” said moderator Josh Sewell of Taxpayers for Common Sense, a budget watchdog group.
GOP powers House committee passage of farm bill with $53 billion in new ag spending
The Republican-controlled House Agriculture Committee, with four Democratic crossovers, approved a farm bill early Friday that increases crop subsidy and crop insurance spending by one-third, cuts SNAP by $30 billion, and repudiates a Biden administration initiative on climate mitigation. Democrats said the bill has no chance of becoming law and might not survive a vote on the House floor because it lacks bipartisan support. (No paywall)
GOP uses ‘counterfeit money’ to pay for farm bill, says Vilsack
House Republicans are building unrealistic expectations in farm country by relying on “counterfeit money” to pay for a $50 billion expansion of crop subsidies and crop insurance in the new farm bill, said Agriculture Secretary Tom Vilsack on Wednesday. The House Agriculture Committee was expected to approve Chairman Glenn Thompson’s proposed bill on Thursday in a vote that would split along party lines.
GOP farm bill increases crop subsidy ceiling by 24 percent
Row-crop farmers would be able to collect up to $155,000 a year in crop subsidies, a $30,000 increase from the current limit, under the farm bill written by House Republicans and scheduled for a committee vote on Thursday. And, for the first time, the subsidy ceiling, often a lightning rod for reformers, would be adjusted annually for inflation.
GOP farm bill puts SNAP savings into trade and horticulture programs
House Agriculture Committee chair Glenn Thompson would funnel $10 billion in food stamp cuts into an expansion of trade promotion and horticulture programs as part of the new farm bill, said Republican staff workers on Thursday. One of them called opponents of SNAP cuts “hunger weirdos” who “use poor people as props.” (No paywall)
Crop subsidy costs could surge 56 percent under House farm bill, say analysts
The farm bill drafted by House Agriculture Committee chair Glenn Thompson could boost crop subsidy spending by $23 billion — 56 percent — above current levels and favor growers in the South over farmers in the North, according to analysts at two Midwestern universities. To offset the cost, they said, reductions may be needed in conservation, crop insurance, or nutrition programs.
Some crops will get bigger reference price increases than others, Thompson says
If Congress follows his lead, some commodities will get larger increases in reference prices than others, but the new farm bill will provide a robust safety net for all producers, said House Agriculture Committee chair Glenn Thompson on Wednesday. Thompson said his proposed package, to be released in coming weeks, would remove some of the “guardrails” that limit the use of climate mitigation funding.
Farm bill odds growing longer, says analyst
There is little reason for optimism that Congress will pass the new farm bill this year, wrote farm policy expert Jonathan Coppess on Thursday as part of an analysis showing that farm program payments favor Southern growers. “The chances of farm bill reauthorization in 2024 grow more dim with each passing day,” he said.
House conservatives would rewrite farm supports in Trump’s name
Congress would cut off crop subsidies to wealthy farmers and require growers to pay at least half of the cost of crop insurance premiums if it adopted the policies proposed by Donald Trump when he was president, said the Republican Study Committee in its budget outline for this fiscal year. The group, which speaks for social and fiscal conservatives, said its budget "adopts many of the reforms proposed by the Trump administration to reform and streamline federal spending on agricultural programs."
Republicans would put half of climate funding into commodity subsidies, says Stabenow
Senate Agriculture chairwoman Debbie Stabenow rejected on Thursday a Republican proposal to move several billion dollars of climate funds into the commodity title of the farm bill. “No, the answer to that is no,” Stabenow said at an expo on climate-smart agriculture practices.
Senate Republicans renew bid to shift climate funds
Pointing to a “once-in-a-generation opportunity,” Republican staffers on the Senate Agriculture Committee proposed on Wednesday shifting more than $13 billion earmarked separately for climate mitigation into USDA land stewardship programs. Under Congress’ arcane budget rules, the transfer would result in a long-term increase of $1.8 billion a year for stewardship, they said, “subject only to congressional reauthorization.”
Vilsack and lawmakers spar over farm economy
During a sometimes prickly House hearing on Wednesday, Agriculture Secretary Tom Vilsack urged lawmakers to buckle down and write a farm bill that does not cut SNAP or climate funds. Republicans on the House Agriculture Committee said the Biden administration has overlooked the needs of the large-scale farmers who produce the bulk of U.S. crops and livestock.
The ‘four corners’ struggle to square the farm bill circle
House Agriculture chairman Glenn Thompson declared, "I am at the table" to write the new farm bill — with multibillion-dollar cuts already rejected by Democrats on the committee. "I hope my colleagues across the aisle join me," said Thompson, as farm bill leaders clashed over the direction of the moribund legislation.
Stabenow says ‘the time to act is now’ on farm bill
Farm-state lawmakers should take advantage of an offer of billions of dollars in new resources and negotiate the new farm bill now, said Senate Agriculture Committee chairwoman Debbie Stabenow. The Michigan Democrat called for action following a USDA forecast of a steep drop in farm income and a Congressional Budget Office forecast of lower SNAP costs for years to come.
While still above average, farm income is forecast to fall this year
U.S. farm income will tumble for the second year in a row from the record set in 2022, pulled down by lower commodity prices and rising production costs, forecast the Agriculture Department on Wednesday. Net farm income would fall 25 percent, to $116.1 billion, but still run 15 percent ahead of its 10-year average.