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McPhersonSentinel - McPherson, KS
  • Ag minute: CBO’s February Farm Program Baseline Declines Less Than Expected

  • Congressional Budget Office (CBO) February 2013 baseline projections issued this week showed, as expected, that there will be less money available to write a farm bill this year.
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      Comment
  • Congressional Budget Office (CBO) February 2013 baseline projections issued this week showed, as expected, that there will be less money available to write a farm bill this year. However, the reduction in total funds was less than expected. One key indicator, crop insurance spending, showed a 3 percent decline based on expectations that commodity prices will be lower in 2013. The February baseline numbers are important because they are a good indication of what March 2013 baseline numbers will show. Farm bill programs proposed this year will be scored against the March numbers. The full baseline is available at http://cbo.gov/sites/default/files/cbofiles/attachments/43893_USDAfarmPrograms.pdf.

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