CBO: Farm Bill savings over next 10 years would be about $10 billion less than first projected

The Farm Bill the Senate passed last year would save $10 billion less than projected, and a House version that never got to the floor would save $9.5 billion less, the Congressional Budget Office said today. It said the Senate plan would save $13.1 billion over 10 years, the House plan $26.6 billion.

"Long-term Farm Bill estimates are notoriously fickle given the number of moving pieces in any calculation," writes David Rogers of Politico, "but the percentage change, especially for the Senate, is striking and virtually erases any meaningful savings from the food-stamp program." (Read more)