House unveils Farm Bill - Food-Stamp savings and keeps a target price program

The House Agriculture Committee released draft language detailing $35 billion in savings over 10 years in its bill, the Federal Agriculture Reform and Risk Management Act, or "FARRM," which the committee will markup July 11. The bill comes after the Senate passed its version of the bill June 21, which is dubbed the Agriculture Reform, Food and Jobs Act.

Many of the provisions throughout the House bill are comparable to those in the Senate legislation, which partly stems from work the two agriculture committees did last fall in the failed supercommittee talks.