Unlimited crop insurance subsidies now cost the taxpayer $9 billion a year and overwhelmingly flow to the largest and most successful farm businesses.
The Latest on Crop Insurance
At least 50 billionaires or farm businesses in which they had a financial interest benefited from $11.3 million in traditional farm subsidies between 1995 and 2012, according to a new analysis released today by the Environmental Working Group (EWG). Congress, meanwhile, has proposed changes to the federal farm bill that could well increase their haul of taxpayer dollars.Read More
The federal government paid out $11.3 million in taxpayer-funded farm subsidies to 50 billionaires or farm businesses in which they had an interest between 1995 and 2012, and changes to the farm bill being weighed by Congress could well increase their take.Read More
Seven U.S. senators last week called for re-linking the federal crop insurance program to conservation compliance during a House-Senate conference committee meeting on the 2013 farm bill. The ranking member of the House Agriculture Committee also endorsed the linkage.Read More
Check out the outrageous stats on their cards below to learn more about America’s Subsidy All Stars. And to see which ones are catching subsidies on a field near you, explore EWG’s map of subsidy millionaires the whopping 174 counties where these 26 All Stars have home field advantage.Read More
Both the House and Senate overwhelmingly have voted for farm subsidy reform. The Senate twice voted to subject recipients of crop insurance subsidies to a modest means test, and the House passed a resolution supporting the same proposal. And polls show that Americans overwhelmingly support reasonable limits on farm subsidies. Even rural voters think too many subsidies go to big farmers.Read More
Last month, the National Wildlife Federation reported that more than 398,000 acres – 620 square miles – of grasslands, forests and other land were plowed, cleared or otherwise converted to grow crops over a 12-month period from 2011 to 2012.Read More
Today, officials at the USDA will don their Santa Claus outfits a few months early and disburse almost $5 billion dollars in direct payment farm subsidies to landowners across the country.Read More
Doesn’t it make sense to subject some of the richest farmers to a means test when they seek federal subsidies to pay for their crop insurance?Read More
The pending Senate version of the farm bill includes a provision to relink conservation compliance with crop insurance subsidies. Chairman Lucas’s competing House version does not.Read More
Environmental Working Group (EWG) released the following statement in response to the sense of the House resolution passed by the U.S. House of Representative to instruct the farm bill conference committee to accept a Senate provision that would reduce crop insurance premium subsidies to farm operators annually earning more than $750,000 in adjusted gross income.Read More
A proposed supplemental crop insurance program included in the pending farm bills in both the House and Senate would have boosted windfall profits for farm businesses and increased federally subsidized insurance payouts by $6.8 billion in 2012, according to a new report released today by Environmental Working Group (EWG).Read More
The House of Representatives will debate this week whether to cut the Supplemental Nutrition Assistance Program (SNAP) by $40 billion over the next 10 years – and eliminate food assistance for roughly 6 million hungry Americans.
A new report by the Government Accountability Office, which shows crop insurance subsidies going to deceased policyholders, underscores the need to reform the federal crop insurance program, the Environmental Working Group said in a statement.Read More
Farm income has never been higher. The federal deficit has never been deeper. So why are House Republicans celebrating passage of a “farm-only” farm bill that includes the most generous farm subsidies in history?Read More