Categories: Commodities and Gold

Farm Bill Passes House

Farm Bill Passes House (New York Times)

On Wednesday, a new five-year farm bill passed the House of Representatives on a 251-to-166 vote. The Senate is expected to take up the bill today or tomorrow. The bill authorizes approximately $1 trillion in agricultural subsidies and nutrition support programs and saves about $16.6 billion over the next ten years. This bill makes cuts of approximately $8 billion to nutrition assistance. It also eliminates direct payment subsidies to farmers, instead increasing the government’s participation in the crop insurance program.

Adrienne Minor

Adrienne Minor is an editorial assistant for Eagle Financial Publications. She writes, edits and posts articles for the website, as well as edits and assists in the online distribution of Eagle’s investment newsletters, trading alerts, e-letters and other reports. Adrienne's special investing interests are in mobile technology and consumer spending.

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