Agriculture 1 Wheat

Agriculture: Farm Program Payments (2011-35)

Reducing farm program direct payments could result in savings from $800 million over 10 years to up to $5 billion annually.

Year Identified: 2011
Area Number: 35
Area Type: Cost Savings & Revenue Enhancement

1 Total Action(s)

Action 1
Addressed

Congress may wish to consider reducing or eliminating fixed annual payments to farmers, called direct payments, by (1) lowering payment or income eligibility limits; (2) reducing the portion of a farm's acres eligible for the payments; or (3) terminating or phasing out direct payments.

Type
Congressional
Last Updated
March 6, 2014
Progress:

As GAO suggested in March 2011, Congress eliminated direct payments when it passed, and the President signed, the Agricultural Act of 2014. This action will save about $4.9 billion annually from fiscal year 2015 through 2023, according to the Congressional Budget Office's February 2013 estimate, which does not include sequestration.

Implementing Entity:
Congress