Source:  FARM DOC DAILY, UNIV. OF ILLINOIS, 6/1/22

Last week the Congressional Budget Office released its ten-year estimates for the mandatory farm bill programs for Commodities (Title I), Conservation (Title II), the Supplemental Nutrition Assistance Program (SNAP, Title IV) and Crop Insurance (CBO May 2022).  The Agricultural Improvement Act of 2018 is scheduled to expire with the 2023 calendar, crop and fiscal years, and Congress is taking the initial steps towards reauthorization.  While the current baseline has no impact on the reauthorization process scheduled for next year, it does provide updated insights on the major farm bill programs.  This article takes an initial look at the latest projections from CBO.

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