Automatic Cuts to Agriculture due to Supercommittee Failure
Tuesday, November 29th, 2011
Members of the U.S. congressional supercommittee failed to agree on $1.2 trillion in spending cuts, phased in over 10 years, in an effort to reduce the federal budget deficit. The supercommittee's failure to come up with a bipartisan reduction plan triggered automatic cuts, which include an estimated $15 billion in spending cuts to agriculture beginning January 2013.
While details are still scarce, most of the cuts to agriculture will be made to Title I crop programs. Food stamps and the Conservation Reserve Program are exempt from the automatic cuts.
Automatic cuts to agriculture, however, may never go into effect if Congress passes the 2012 farm bill before the current farm bill expires in September 2012.
Read More: AgWeb.com