CBO Releases Analysis of House Farm Bill Proposals

The Congressional Budget Office (CBO) on Friday released an analysis of the House Ag Committee farm bill proposals. The estimates detail how the legislation relied on shifts in conservation and nutrition spending to fund priorities and found the House's 2018 farm bill (HR 2) would increase mandatory spending on programs by $500 million over 10 years and result in $7 million in deficit savings for the same period.However, overall mandatory spending would increase by $3.2 billion between Fiscal Year (FY) 2019 to 2023, the life of the legislation. Costs would drop sharply over the next five years by $2.7 billion.