The Numbers Behind the Farm Bill: What the New CBO Baseline Means for the 2018 Farm Bill

Editor’s Note: This is the first of a three-part series of blog examining the funding outlook for the 2018 Farm Bill. In an effort to simplify the complex subject of farm bill funding, we will present these blogs in FAQ format. Part two of this series will answer questions related to agricultural spending in the farm bill, and part three will focus on the current House budget process and what it might mean for the farm bill.

Every year, usually in March but this year delayed until late June, the Congressional Budget Office (CBO) publishes its ten-year projection (baseline) for government spending – including farm bill spending. CBO, Congress’ official scorekeeper, typically publishes a preliminary projection in January, an official projection in March (June this year), and then a mid-year projection update in August. CBO’s March (June this year) projection is generally the one that rules budget scoring for all bills considered by Congress during the year. It is not yet clear whether the most recently issued CBO baseline will be the one used for 2018 Farm Bill purposes, or if it will be the one issued next March. In either event, however, the current baseline can provide us with important insights into the coming farm bill debate…

For Full Article…

Leave a comment

Your email address will not be published. Required fields are marked *