FARM BUSINESS NEWS
Fri Mar 1, 2013 05:24 PM CST

WASHINGTON (AP) -- Farm bills passed by the Senate and a House committee last year would save far less money than previously thought, according to a new estimate released Friday.

A report from the Congressional Budget Office says a Senate-passed farm bill would save $1.3 billion annually, as opposed to the $2.3 billion per year in savings estimated last year. A bill passed by the House Agriculture Committee would save $2.7 billion a year instead of $3.5 billion.

While the amounts may seem small in comparison to the bills' $100 billion-a-year cost, the estimates are another roadblock for the embattled ...

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