The chairman and ranking member of the House Agriculture Committtee released a “discussion draft” of what they hope to see in the 2012 farm bill today. Their FARRM proposal would save $35 billion in mandatory spending on farm and nutrition programs.

Chairman Frank Lucas of Oklahoma and Ranking Member Collin Peterson of Minnesota said their Federal Agriculture Reform and Risk Management Act repeals outdated policies while reforming, streamlining, and consolidating others.