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More money needed for a new farm bill

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An extension ag economist says Congress will need to find more money if a new farm bill is going to pass by the end of the calendar year.

Texas A&M University’s Ag and Food Policy Center co-director Joe Outlaw says the big ask from commodity groups is a boost in reference prices. The Congressional Budget Office is estimating the cost at $20 billion and he says while expensive, lawmakers have found ways to get more money in previous farm bills.

More money needed for a new farm bill