House ag spending bill slashes USDA funding
The House Agriculture Appropriations Subcommittee released its spending bill for FY2024 Wednesday night, slashing USDA spending and Secretary Tom Vilsack’s use of the Commodity Credit Corporation.
The bill provides $26.3 billion for total funding, which is $532 million below the 2023 funding level. House GOP lawmakers set aside $17.1 billion for the Department of Agriculture, which is $8.6 billion below current fiscal year spending and $11.7 billion below the budget request.
The bill also provides $8.1 billion in funding repurposed from unobligated balances from pandemic-era programs. It reduces billions of dollars in spending from American Rescue Plan and Inflation Reduction Act. Those changes include a $32 billion decrease in mandatory SNAP spending from FY23 levels due to the end of pandemic-era benefits and a decrease in participation rates.
The proposal also eliminates funding for equity initiatives and climate change and saves $1 billion by restricting the discretionary use of the Commodity Credit Corporation.
The House Agriculture Appropriations Subcommittee is scheduled to markup the bill Thursday morning.