After more than three years of squabbling over issues ranging from food stamps to farm payments, the House of Representatives passed a new five-year farm bill Wednesday that would slash spending by $23 billion over the next 10 years, including $8 billion in cuts to food stamps and $4 billion in cuts to conservation programs.
But despite those cuts, there is one program that is expected to see a $7 billion increase over the next decade: crop insurance.
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Those sorts of contributions haven't only been reserved for Republicans. Rep. Collin Peterson (D-Minn.), the ranking member of the House Agricultural Committee, has relied on the industry for significant sums. Over his career, crop production and agricultural services have been Peterson's top donor industries. In the 2012 election cycle alone, Peterson and his leadership PAC received more than $453,000 from the two groupings; a combined $27,500 of that came from the PACs of the American Farm Bureau and the American Association of Crop Insurers.
In the Senate -- which is expected to give its final approval to the farm bill as soon as today -- Agriculture Committee Chairwoman Debbie Stabenow (D-Mich.) has received more contributions from the crop production industry than any other senator. In the 2012 cycle, it sent more than $346,000 to her campaign account, with PACs from the Dairy Farmers of America and Monsanto each giving more than $7,000.
Special Interests Heavily Involved in Farm Bill Maneuvering - OpenSecrets Blog
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