On January 29, the U.S. House of Representatives approved a new five-year farm bill after a bipartisan agreement. On the same day, voting ended with 251 members of the House of Representatives voting in favor of the bill and 166 voting against the bill. The new bill stipulates that each year between the 2014 fiscal year to the 2018 fiscal year period, the federal government's annual expenditures can total approximately USD 100 billion in agriculture and will provide an annual subsidy for low-income families through a food stamp program totaling USD 80 billion (a spending reduction of 1%). It will also cancel a USD 5 billion annual direct payment subsidy program; meanwhile, the scope and intensity of government-support agricultural insurance projects has expanded. Frank Lucas, the chairman of the House Committee on Agriculture, said that the new farm bill contributes major savings to deficit reduction, significant reforms to policy, and yet still provides a safety net not only for the production of American food and fiber, but also to ensure our fellow citizens have enough food to eat.

Personnel of the U.S. agriculture sector highly appraised the passing of the new agriculture bill by the House of Representatives. Bob Stallman, the president of the American Farm Bureau Federation said in a statement, "It’s been a tough road for the legislation during the past two years, but we are pleased with the clear bipartisan vote that prevailed." In 2013, both the Senate, which is controlled by the Democratic Party, and the House of Representatives, which is dominated by the Republican Party, passed their respective version of the farm bill; however, due to a big difference in the 80% agriculture expenditure on the food stamp program between the two parties, the new farm bill had failed. On January 27, 2014, both parties finally compromised their differences on the bill.

The U.S. Senate is expected to vote next week on the new five-year farm bill. If passed, the bill will be submitted to the U.S. president, which upon signing will be officially entered into law. The U.S. Congress develops a farm bill every five years. The last farm bill passed in 2008 and expired on September 30, 2012, which was extended one-year by Congress.