House of Representatives passes farm bill
The Independent Bakers Association (IBA), Washington, released a statement today saying it supports the Agriculture Act of 2014—better known as the farm bill—because of its “cost savings and forward progress toward market-oriented farm programs.” The bill passed in the House of Representatives today by a vote 251 to 166. The Senate is expected to take it up later this week.
The Congressional Budget Office (CBO) reports that the legislation will save approximately $23 billion over the next decade, according to the IBA. The bill reduces funds for nutrition programs, such as the Supplemental Nutrition Assistance Program (SNAP), by $8 billion, while the bulk of the savings come from a $18.4 billion reduction to farm programs. IBA says it supports the funding reduction as well as the dissolution of a “command-and-control approach to crop programs.”
Source: Independent Bakers Association