Farm Bill Passes House With $8 Billion in Food-Stamp Cuts

Cotton harvesting in East Carroll Parish, Louisiana on Oct. 10, 2013. The farm bill governs farm subsidies, which encourages planting of soybeans, cotton and other crops.  Photographer: Ty Wright/Bloomberg

bloomberg.com - by Alan Bjerga - January 29, 2014

The U.S. House passed and sent the Senate a much-delayed bill to set agricultural policy for five years, as rural Republicans and urban Democrats overcame objections about farm subsidies and food-stamp cuts.

. . . The bill would cut food-stamp spending by $8.6 billion over 10 years, though additions to other programs bring nutrition-aid cuts down to $8 billion -- one-fifth of the $40 billion sought by Republicans and fought by Democrats and food retailers. The reduction would equal about 1 percent of the program’s record $79.6 billion in spending for the budget year that ended Sept. 30.

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