AGRIBUSINESS: New Farm Bill Highlights

A 900-page conference report can be a tough read but House Agriculture Chair Frank Lucas released a few highlights from the new Farm Bill, which he says is a miracle.

Farm policy reforms eliminate direct payments which are sent to farmers whether they farm or not.  Lucas said the bill also strengthens crop insurance and supports beginning farmers with training and access to capital.

The Supplemental Nutrition Assistance Program reforms are the first since the welfare reforms of 1996.  The Farm Bill prohibits the USDA from recruiting and advertising SNAP.  It also will work to reduce fraud through several different means.

Additional reforms consolidate 23 conservation programs into just 13.

The congressional budget office confirmed a total of $23-billion in net cuts.

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