WASHINGTON (AP) — Farm bills passed by the Senate and a House committee last year would save far less money than previously thought, according to a new estimate released Friday.

A report from the Congressional Budget Office says a Senate-passed farm bill would save $1.3 billion annually, as opposed to the $2.3 billion per year in savings estimated last year. A bill passed by the House Agriculture Committee would save $2.7 billion a year instead of $3.5 billion.