(State) The house has approved a new five year farm bill. It would cut about $800 Million a year from the $80 Billion-a-year program, or around 1%. The house had sought a 5% cut. The legislation would continue to heavily subsidize major crops while eliminating some subsidies and shifting them toward insurance programs. Iowa Congressman Bruce Braley says,
"We found that common ground, we were able to find significant deficit reduction, and we were able to chart a new path for farming and agriculture for the next five years."
The final food stamp savings are generated by ending a practice in some states of boosting individual food stamp benefits by giving people a minimal amount of federal headting assistance they don't need. The bill now goes to the senate where approval is also expected.
Iowa Radio Network