baseline funding

Every spring, CBO – Congress’s official budgetary scorekeeper – publishes its ten-year projection (or “baseline”) for government spending. CBO’s baseline covers everything funded by the federal government – including farm bill spending. Published most recently on May 12, 2023, CBO’s baseline will be adopted as the official baseline for the 2023 Farm Bill. In this post, NSAC digs into the latest CBO changes to the four largest funding items within the farm bill – Commodity (Title 1), Conservation (Title 2), the Supplemental Nutrition Assistance Program (SNAP, in Title 4), and Crop Insurance (Title 11). It also looks through the Inflation Reduction Act (IRA, PL 117-169) spending projections included in CBO’s most recent updates…. Read More →