The budget deal unveiled by congressional leaders late Wednesday would authorize more than $1 billion in spending on farm bill programs for dairy farmers and $3 billion for cotton growers over the next decade. The cost of making seed cotton eligible for commodity supports, including Price Loss Coverage, would mostly be offset by eliminating other programs in the farm bill that specifically benefit cotton. The dairy provisions, which would make changes to the Margin Protection Program — such as lowering premiums for small- and medium-sized producers — would not be offset, however. The two-year budget agreement, H.R. 1892 (115), also includes $2.3 billion in ad hoc disaster funding for farmers and ranchers from California to Florida who suffered losses as a result of wildfires and hurricanes last year.The spending package would make changes to USDA disaster programs, as well. Sen. Jerry Moran (R-Kan.) secured a provision to remove a $125,000 cap on payments to producers under the Livestock Indemnity Program and to expand it to cover animals sold at a lower price in the event of a natural disaster. Under current law, only mortality is covered. The changes would be retroactive to 2017. A $20 million annual cap on the Emergency Assistance for Livestock, Honey Bees and Farm-Raised Fish program also would be lifted.