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

August 2, 2024

Cost Estimate

As ordered reported by the House Committee on Agriculture on May 23, 2024, and with subsequent amendments as provided by the House Committee on Agriculture on July 30, 2024

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At a Glance

H.R. 8467, Farm, Food, and National Security Act of 2024 As ordered reported by the House Committee on Agriculture on May 23, 2024, and with subsequent amendments as provided by the House Committee on Agriculture on July 30, 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
			> $2.5 billion		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
			> $5 billion		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

Data and Supplemental Information

Corrections and Updates

On August 2, 2024, CBO corrected the link to Table 4 in the section for Data and Supplemental Information. It previously pointed to an incorrect table. There were no changes to the data or the table itself.