The Congressional Budget Office has updated its ten-year budget outlook for farm and nutrition programs. The CBO estimated that the Commodity Credit Corporation spending authority would total $12 billion for the next ten years, beginning in 2025. That’s far short of the levels included in the farm bill that passed out of the House Agriculture Committee last month. Senate Agriculture Committee Chair Debbie Stabenow said the CBO projections prove the Republican farm bill relies on “magic math and wishful thinking.” In an email response to the Hagstrom Report, House Agriculture Committee Chair Glenn ‘GT’ Thompson said his farm bill passed out of committee while Stabenow has offered no clear farm bill language, funding mechanism or bipartisan support for her proposals.
