By Michael Deliberto
LSU AgCenter
The Congressional Budget Office’s February 2024 baseline for USDA Mandatory Farm Programs and the Supplemental Nutrition Assistance Program revealed projected outlays for Farm Bill-related programs at $1.46 trillion over the 10-year window from fiscal years 2025 to 2034 – this latest baseline projection is 3.5% lower than the previous 10-year baseline of $1.5 trillion.
May 2023’s baseline remains the Farm Bill scoring baseline until directed otherwise by the budget committees. In addition to this February baseline, CBO will release a new spring baseline following the release of the President’s fiscal year 2025 budget request.