The Senate’s version of the reconciliation proposal includes several key differences from the House bill. It increases the Price Loss Coverage reference price escalator from 85 percent to 88 percent of the five-year Olympic average and removes the House’s proposed corn price floor. The Senate bill also provides more flexibility in funding, responding to pressure from the specialty crop sector to be included alongside row crops. While the House bill proposes a $294 billion cut to nutrition programs, the Senate version trims $211 billion and includes $67 billion for farm programs. The Senate Agriculture Committee was only required to cut $1 billion from its jurisdiction.
