Senate Agriculture Committee Chairwoman Debbie Stabenow (D-Mich.) on Thursday released her draft 2013 farm bill.
The bill saves $23 billion, by the committee’s unofficial estimate, over then next ten years by replacing the existing farm safety net with new crop insurance and price-based supports and by restricting some eligibility for food stamps.
Next Tuesday, the committee will mark up the measure, which governs farm subsidies and food stamps as well as rural energy, trade, conservation and development programs for five years. The full Senate is expected to take up the bill this month.
“The current Farm Bill expires Sept 30. A new Farm Bill must be passed this year to provide farmers the certainty they need to keep driving our economic recovery. Sixteen million jobs hang in the balance,” the committee says its press release.