- The Senate has voted 68-32 to approve a five-year farm bill that includes spending of $956.4B over 10 years and savings of $23B.
- The measures cut food stamps by $8.6B over the next decade and ends a $5B annual crop-subsidy program, with insurance becoming the main source of farm aid. The legislation also ensures that the U.S. won't revert to a 1949 law that could double milk prices.
- With the House having authorized the bill, it is due to go to President Obama for his signature.
Farm bill heads to Obama following Senate approval
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