While many farmers will be affected by the outcome of this year's farm bill, not all are aware of how the legislation will change the agriculture industry. CropLife Magazine offers key points that can help farmers understand the 2012 Farm Bill.

Changes to the bill include restricting subsidy payment programs including Direct Payments, Counter-Cyclical Payments, Average Crop Revenue Election and the Supplemental Revenue Assistance Payments programs. This could create over $15 billion in deficit savings.

If the bill is passed, 23 existing conservation programs will be consolidated to four fundamental programs, saving taxpayers around $6 billion.

One major focus of the bill includes eliminating trade barriers, which would ensure the availability of credit to finance U.S. agriculture exports to countries that lack financing.

In response to world hunger, the bill pledges to fund more international food aid programs. More programs aimed at helping senior citizens gain access to healthier foods as well as additional federal funding for food banks and fresh and healthy foods served at schools.

New growers will also benefit from the 2012 Farm Bill, according to the magazine, as it intends to allow more loans and matching-fund programs for new farmers.