Daniel Munch, an economist with the American Farm Bureau Federation walks readers through a small portion of the current math surrounding the upcoming Farm Bill negotiations. The Congressional Budget Office’s (CBO) most recent Baseline for Farm Programs, released on May 12, identifies expected outlays for farm program spending, assuming existing programs continue without changes, and indicates program spending available to Congress as crafting of the 2023 farm bill kicks into high gear. CBO releases these projections on expected spending for farm programs for the 10-year baseline – the current budget year plus 10 years – up to three times a...

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