The Congressional Budget Office has published a detailed analysis of each title in the House Agriculture Committee’s Farm Bill.
According to a report from the National Association of Wheat Growers (NAWG), CBO estimates that enacting H.R. 2 would increase net direct spending by $3.2 billion over the 2019-2023 period and by $0.5 billion over the 2019-2028 period, relative to CBO’s baseline projections.
As specified in law, those baseline projections incorporate the assumption that many expiring programs continue to operate after their authorizations expire in the same manner as they did before such expiration. The cost of extending those authorizations through 2023 would total $387 billion, but because they are already included in the baseline, those costs are not attributable to this bill.
For a complete summary and to view the report, visit the CBO site here.
