H.R. 8467, Farm, Food, and National Security Act of 2024

By Fiscal Year, Millions of Dollars

2024

2024-2029

2024-2033

Direct Spending (Outlays)

0

15,384

32,973

Revenues

0

0

0

Increase or Decrease (-) in the Deficit

0

15,384

32,973

Spending Subject to Appropriation (Outlays)

0

17,529

23,596

Increases net direct spending in any of the four consecutive 10-year periods beginning in 2034?

> $2.5 billion

Statutory pay-as-you-go procedures apply?

Yes

Mandate Effects

Increases on-budget deficits in any of the four consecutive 10-year periods beginning in 2034?

> $5 billion

Contains intergovernmental mandate?

Yes, Under Threshold

Contains private-sector mandate?

Yes, Under Threshold

The bill would

• Reauthorize and amend agricultural support, nutrition, conservation, and other programs implemented and administered by the Department of Agriculture
• Impose intergovernmental and private-sector mandates

Estimated budgetary effects would mainly stem from

• Changes in the agricultural support, nutrition, and conservation programs
• Mandatory appropriations
• Accelerating the spending of previously appropriated balances
• Amounts authorized to be appropriated

Areas of significant uncertainty include

• Projecting future commodity prices and production rates, which are sensitive to weather and market forces
• Predicting how and how quickly the states would implement various policies
• Projecting changes in the economy, particularly regarding inflation and unemployment