SNAP Estimated to Make up +80% of Farm Bill Spending, Followed by Federal Crop Insurance at 7%
The Congressional Budget Office (CBO) released its May 2023 baseline for the farm bill, which projects that total spending for the next decade will reach $1.51 trillion, the most expensive ever. This is an increase of +$31.5 billion from the February baseline and represents a nearly +74% increase from the original estimated cost of the …