The 2012 Congress failed to pass the Farm Bill, due every five years. Instead, all the programs from the 2007 were continued. This was unfortunate (or worse), both because of priorities that now appear misplaced, and opportunities for savings were foregone.
The Senate and House both did have versions of a new Farm Bill. As you would suspect, given that different parties control the two houses, the two bills differ substantially in their priorities and funding approaches. Each, however, would reduce spending from current levels.
In a blog post today, the National Coalition for Sustainable Agriculture discusses a Congressional Budget Office study showing that the savings from each of the two bills have dropped considerably since they were proposed. This is another unfortunate consequence of failure to act.