AGRIBUSINESS: SNAP About To Take Hit Without Farm Bill Cuts
As most are well aware, one major issue for the Farm Bill conference committee will be agreeing on a level of cuts to the Supplemental Nutrition Assistance Program.
Just as that process gets underway, a provision in the 2009 economic stimulus that provided extra SNAP funding will expire Friday. Families in all 50 states will immediately see cuts in their government food aid.
The American Recovery and Reinvestment Act of 2009 provided a 13.6-percent funding increase to SNAP recipients. That extra funding comes to an end November 1st and all 48 million SNAP recipients will see their benefits cut in their next checks.
An analysis by the Center of Budget and Policy Priorities suggests this will save the government five-billion dollars over the course of 2014 and a total of $11 billion from fiscal years 2014 to 2016. The center also found that for an average household of three the cuts will mean $29 less per month.