Bipartisan Farm Bill Deal May Save $23B Over Next Decade

Law360, Los Angeles (January 27, 2014, 10:05 PM EST) -- Congressional negotiators on Monday announced their agreement on a five-year farm bill that would save about $23 billion over the next 10 years, in part by cutting funding to food stamps, eliminating direct farm subsidies and reducing conservation programs.

The Agricultural Act of 2014, which is expected to be voted on by the U.S. House as early as Wednesday, would also strengthen crop insurance programs and other disaster relief. A full version of the bill was unavailable late Monday. 

The bill would cut about $8 billion...
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