U.S. Senator Lamar Alexander (R-Tenn.) today released the following statement on his vote in support of the farm bill in the U.S. Senate:
"Agriculture is one of Tennessee's most important industries, with more than 77,000 farms contributing tens-of-billions of dollars each year to the state's economy. Not only does this legislation provide certainty to farmers, it also saves taxpayers nearly $18 billion by modernizing programs that impact our nation's food supply."
According to the Congressional Budget Office, the Senate's farm bill will reduce mandatory spending by about $18 billion, on top of the roughly $6 billion cut from these programs by the sequester, for a total of $24 billion over the next decade.