Michigan Farm Bureau issued the following announcement on Dec. 20.
U.S. President Donald Trump signed the 2018 Farm Bill today, following two historic bipartisan votes in Congress last week. The legislation passed the Senate 87-13, followed by the House at 369-47. Officially known as the Agriculture Improvement Act of 2018, the Congressional Budget Office recently scored it against the April 2018 baseline for the Supplemental Nutrition Assistance Program and mandatory USDA farm programs, such as crop insurance and conservation programs. CBO found that relative to the spending projected under the April 2018 baseline, enacting the 2018 farm bill would be budget neutral and would not increase net direct spending or on-budget deficits over the 2019-to-2028 period. The projected baseline for agriculture and nutrition programs would be $428 billion over five years and $867 billion over 10 years.
Original source can be found here.
Source: Michigan Farm Bureau
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