Last week, the Senate Agriculture Committee released its first draft of the 2012 Farm Bill. The bill achieves $23 billion in savings over the course of 10 years, which matches the Committee’s proposal for the Super Committee last fall: that’s reductions of $15 billion from commodity programs, $6 billion from conservation and $4 billion from nutrition programs and took $2 billion and added it for livestock disaster programs.
Jordan Dux, Nebraska Farm Bureau national affairs coordinator, says not many things have changed since. The commodity title will rid of direct payments, the counter-cyclical payment program, ACRE and SURE programs; the marketing loan program remains unchanged.
Dux says a new Ag Risk Coverage (ARC) program is in the recently released draft. Listen to more details here.
Crop insurance remains unchanged.
There is a proposed reduction in CRP acres from 32 million acres in 2012 to 25 million acres in 17 years. And, 23 programs have been consolidated down into 13 programs. Nutrition programs will see primarily program structures and administrative budget cuts.
Click here to read the full statement from Nebraska Farm Bureau (scroll to second story) and watch for more on the draft Farm Bill in the coming months.