President Trump is proposing to slash crop insurance and other farm programs by $47 billion over 10 years and to dramatically overhaul the Supplemental Nutrition Assistance Program, eventually shrinking its cost to taxpayers by one-third.
A sweeping budget agreement that will provide new assistance to cotton and dairy producers and expand disaster aid to many other farmers and ranchers received final congressional approval in the House Friday morning.
Republican leaders are rushing to pass another short-term spending bill to keep the government funded into March, and the prospects for moving a new farm bill by early spring could hinge on whether some cotton and dairy provisions get thrown into the spending measure.
Historically, new farm bills have not been approved in a timely fashion and often expire before a new one is written. But both Agriculture Committee chairmen are committed to aggressive timelines in 2018.