New $1 trillion farm bill 50% bigger than last farm bill
“Given the Congressional Budget Office’s history of underestimating the cost of prior farm bills, we take it as given that much, if not all, of the $23 billion in projected savings in this bill will never materialize,” said Andrew Moylan, a senior fellow at the R Street Institute in Washington, D.C., in a statement. “The shallow loss programs alone could prove catastrophically expensive, and no one should be surprised if, five years from now, this farm bill ends up proving more expensive than if Congress simply extended existing law.”
