On Tuesday, the Senate passed a new five-year Farm Bill by a vote of 68 to 32. The nearly 1,000 page bill passed after sailing through the House last week by a vote of 251-166. A nearly $1 trillion Farm Bill will allow farmers to take advantage of a new crop insurance program, will cut roughly $16 billion in governmental spending over the next decade and will set policy over agricultural subsidies and nutrition programs.
Senate Agriculture Chairwoman Debbie Stabenow (D-Mich.) said she is proud of the bipartisan deal that both sides were able to reach. “Many people said this would never happen in this environment, but Congress has come together to pass a major bipartisan jobs bill.”
The final legislation will cut food stamps by $8 billion over the next ten year. According to the Congressional Budget Office, this change will reduce benefits to an estimated 850,000 households nationwide.
President Obama is scheduled to sign the bill on Friday at Michigan State University. Michigan is the home state of Senate Agriculture Chairwoman Debbie Stabenow.
AFBF statement on passing of the Farm Bill.