Chair GT Thompson: The new Farm Bill will be much cheaper

The “Big, Beautiful Bill” took on much of the heavy lifting typically found in the Farm Bill. Now, ag leaders are turning their focus to the issues still left unsolved by President Trump’s legislation.

House Ag Committee Chair GT Thompson tells Politico that he is still on track to create a new Farm Bill, and he expects it to cost less than $8 billion. Thompson is looking to include bills that were agreed upon when his Committee advanced its Farm Bill last year. The reconciliation package signed late last week handled SNAP, which takes up most Farm Bill dollars. There was a lot of pushback surrounding the program, specifically when it came to overpayments.

“USDA has pointed out that there’s about $10 billion a year in waste, just in the SNAP program. Fraud, improper payments, not going to children that you hear about on the floor…it’s going to improper payments, to fraud—$10 billion a year,” said Congressman Steve Scalise.

This year, USDA found the error rate at just below 11 percent for the entire SNAP program. The new law will use these error rates to determine what states owe moving forward. States can use their error rates from this year or next to calculate their match. Then, starting in 2029, the rate would be based on the average from the three years prior.

Related Stories
Farm Credit’s Christy Seyfert joined us to discuss the ag industry’s push for swift Farm Bill action as it heads toward a House vote.
RFA President and CEO Geoff Cooper joined us to discuss the proposed E15 amendment in the Farm Bill, industry reaction to the legislation, and the outlook for year-round E15 sales.
Ag Secretary Brooke Rollins hints at new fertilizer plan while trade deals, soybean markets, and farm bill momentum drive ag policy discussion.
U.S. Rep. Greg Landsman and U.S. Senator Elissa Slotkin meet with Ohio farmers to discuss E15 expansion, rising input costs, trade concerns, and the need to move forward on a new farm bill.
New farm bill amendment renames the 1890 National Scholars Program after Rep. David Scott, highlighting support for HBCU ag education.
Farm programs remain small but politically easier to expand.

LATEST STORIES BY THIS AUTHOR:

What are some common mistakes that farmers and ranchers make regarding estate planning? Here are a few key ideas to consider from RFD-TV Ag Legal and Tax Expert Roger McEowen with the Washburn School of Law.
RFD-TV Farm Accounting & Tax expert Roger McEowen discusses crucial legal and tax issues for farmers and ranchers to manage operational risks in this Firm to Farm blog post.
The FarmHER crew catches up with fifth-generation California sweet baby broccoli producer Kate Hitchcock and her team in the middle of the harvest season in the Salinas Valley.
RFD-TV ag legal expert Roger McEowen examines common issues facing farmers, ranchers, and rural landowners: SAF fuel, R&D credit, drones, and cleaning fencerows.
FarmHER Janet Dennison joins us live on the Market Day Report for an interview before her new episode premiere on Tuesday.