Likely Cost Of The 2024 Farm Bill

Likely Cost Of The 2024 Farm Bill. The cost of feed, which is the largest expense for farmers and ranchers, is expected to fall 13% to $69.5 billion over the year prior. Following the introduction of the farm, food, and national security act of 2024, industry and stakeholder groups from across the country have come out in support of the.

Ideally, a new farm bill would be enacted by july 2024, according to the political calendar; In may of 2023, the congressional budget office (cbo) published the spending projections that serve as the baseline budget for a replacement farm bill.