On May 10, the House Ag Committee marked up their version of the Federal Agriculture Reform and Risk Management Act (FARRM) Act of 2013. It is nearly identical to the bill marked up last summer.
Chairman Frank Lucas (R-OK) says the new version of their farm bill cuts nearly $40 billion. Highlights include:
- Nearly $40 billion in mandatory funds are cut from farm bill spending, including the immediate 10-year sequestration of $6 billion.
- After a series of 11 audit hearings, the committee eliminated or consolidated over 100 programs.
- Direct payments that went to farmers regardless of market conditions were eliminated.
- A new Title I safety net offers farmers a choice in how best to manage risk while also reforming the outdated notion of paying farmers even if they no longer farm.
- Conservation programs have been consolidated from 23 programs to 13 programs in an effort to streamline these very valuable conservation tools.
- Several regulatory relief measures are included to help mitigate some of the most onerous regulatory pressures plaguing our nation’s farmers, ranchers and rural communities.
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