Senate passes farm bill, cuts food stamps/SNAP

The Senate passed a farm bill on Tuesday that ends direct subsidies for farmers and trims $90 a month from food stamps for 850,000.

The House had already passed the nearly $1 trillion farm bill that will set agriculture policy for the next five years. President Obama has said he would sign it into law.

The bill could be passed before the spring planting season. That’s significant because farmers need to know early how it might affect prices and what to expect for their corn, wheat or tobacco yields.

The bill changes the current agricultural subsidy system that’s been in place 80 years.

For more:  http://money.cnn.com/2014/02/04/news/economy/food-stamps-farm-bill/index.html

 

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