CBO Baseline

The Congressional Budget Office releases annual baseline projections for federal agriculture policy, including the farm bill, which significantly influence policy debates and outcomes. The latest projections show a decrease in the ten-year cost of farm bill-related programs, primarily due to a drop in SNAP costs but countered by a substantial increase in the crop insurance program’s expenses. Changes in these projections impact the cost and effectiveness of policy proposals, especially regarding crop insurance reform and commodity programs, while also affecting conservation programs and nutrition assistance, ultimately shaping the direction and scope of future farm bills…. Read More →