Unlimited crop insurance subsidies now cost the taxpayer $9 billion a year and overwhelmingly flow to the largest and most successful farm businesses.
A new EWG report released this week pulls back the curtain on the billions of taxpayer dollars that get wasted every year through the “prevented planting” federal crop insurance program that encourages growers to plow up ecologically important wetlands in the Prairie Pothole Region of North and South Dakota.
The so-called “prevented planting” component of the federal crop insurance program is wasting billions of dollars while encouraging growers to plow up wildlife-sustaining wetlands in the iconic Prairie Pothole Region of North and South Dakota.Read More
A new EWG report reveals that from 2000 to 2013 a total of $4.4 billion in federal “prevented planting” crop insurance payouts went to farmers in 94 counties in the iconic Prairie Pothole Region of North and South Dakota – despite attempts by the government to rein in the program’s costs.Read More
The 2014 farm bill will prove to be the most expensive ever thanks to new subsidies Congress added on top of the already costly crop insurance program, researchers at the University of Missouri said in an analysis released this week.
Bipartisan legislation introduced in the Senate today would limit the amount of federal crop insurance premium subsidies a grower can receive, saving billions of dollars while affecting very few farmers, EWG Vice President of Government Affairs Scott Faber said.Read More
The Obama administration’s fiscal year 2016 budget proposal contains two common-sense reforms to the broken federal crop insurance program that would save taxpayers billions of dollars and protect our land and water, EWG said in a statement.Read More
Two of the nation’s leading agricultural economists say federal crop insurance is greatly over-subsidized, adding yet another authoritative voice to those calling for reform.Read More
Many of the Democrats who lost their seats this week voted for the 2014 farm bill – only to see farm groups donate to their Republican opponents.Read More
Defenders of genetically engineered crops regularly claim that these varieties cut erosion by encouraging farmers to use tillage practices that enhance soil conservation.Read More
A new analysis by economists at Ohio State University and the University of Illinois concludes that lavish subsidy programs created in the 2014 farm bill could cost taxpayers billions more than expected.Read More
This week, the Department of Agriculture predicted that the 2014-2015 U.S. corn harvest will be the largest ever. Because of policies that Congress adopted in the 2014 farm bill, that could also mean record payouts of taxpayers’ money.Read More
From 2003 through 2012, crop insurance premium subsidies cost taxpayers $42.1 billion – 72 percent of the federal crop insurance program’s total costs. If Congress had paid attention when it had the chance, it would have trimmed premium subsidies – instead of ballooning the deficit.Read More
Next Tuesday (Aug. 5), Missourians will decide if their state constitution should be amended to enshrine a so-called “Right-to-Farm” provision. The vaguely worded and open-ended amendment states, “the right of farmers and ranchers to engage in farming and ranching practices shall be forever guaranteed in this state.”Read More
When U.S. Department of Agriculture’s annual spending bill comes up for action again in the House and Senate next month, Congress may finally get a chance to rein in unlimited, secret subsidies to some of the nation’s largest farm businesses.Read More
The USDA Inspector General’s audit, released earlier this month, found that the heavily-subsidized crop insurance program suffered from an error rate for improper payments of at least 5.23 percent. The audit said the actual number could be higher. And it’s significantly up from last year’s error rate of 4.08 percent.Read More
As Americans finish up their taxes, it’s worth reflecting on how those tax dollars are being spent to widen the gap between the haves and the have-nots in farming.Read More
A new bill introduced Wednesday by Sens. Jeanne Shaheen (D-N.H.) and Tom Coburn (R-Okla.) aims to cap crop insurance subsidies, a reform that Environmental Working Group has long advocated.Read More