AGRIBUSINESS: Farm Bill Makes It Through Senate Ag Committee

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The Senate Agriculture Committee voted to approve the Agriculture Reform, Food and Jobs Act of 2013 on a 15 to 5 vote Tuesday.

The bill ends direct payments and transitions to risk management tools that support farmers when they have been impacted by disaster. Overall - the legislation will yield a total of over $23 billion in spending cuts through the elimination of subsidies, consolidation of programs to end duplication and addressing misuse and fraud in food assistance programs.

The measure was introduced on the Senate floor Tuesday evening. According to the office of Senate Ag Chair Debbie Stabenow - votes could come as early as next week.