The Food and Agriculture Policy Research Institute (FAPRI) at the University of Missouri-Columbia released a new report last week comparing the House and Senate farm bills.
The analysis examined possible policy changes including the elimination of the direct payment and ACRE programs, common features of both bills, and the establishment of new programs intended to provide safety net coverage for growers in different regions and of different crops.
The report makes assumptions about participation and payment per acre for new programs proposed in both drafts. Of particular note, the FAPRI analysis concluded that the Senate bill would save $5.5 billion more than the House version, which is contrary to Congressional Budget Office (CBO) analysis predicting a less than $1 billion difference between the two bills.
The report also briefly considered the impacts of Conservation Reserve Program (CRP) caps, impacts to the renewable fuels standard (RFS) and World Trade Organization (WTO) concerns.
The report is available by clicking here.