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Iowa: Second in the Nation

Friday, June 29, 2012

Environmental Working Group’s latest update of the farm subsidy database shows that Iowa grain producers are still reaping big benefits from taxpayers.  The Cedar Rapids Gazette reports that the Hawkeye State “ranks second in the nation in terms of farm subsidies, with 8.7 percent of the total in 2011.”

The news article also states:

Texas leads all states at $1.4 billion in subsidies, or 9.5 percent of the overall amount.

Iowa farmers received $23.6 billion in farm subsidies between 1995 and 2011, according to the data, which is drawn from USDA records.

The USDA subsidies for Iowa farmers between 1995 and 2011 break down to $15.9 billion in commodity subsidies; $3.47 billion in crop insurance subsidies;  $3.63 billion in conservation payments; and $587 million in disaster payments.

Illinois ranks third among the states for collecting $1,095,426,485 in subsidies. North Dakota is fourth and collected $1,057,713,390 and Kansas ranks fifth for collecting $975,816,237 in subsidies.

Click here to find out your state ranking.

Table Scraps:

A report issued today by the Environmental Law Institute recommends that large farm operations receiving federal farm subsidies or subsidized crop insurance should carry out basic conservation practices to reduce water pollution and disclose more information about the fertilizers they use on their farms.

Farmers Weekly reports United States agriculture receives three times more financial support than agriculture in European member states, including the United Kingdom.

Bloomberg’s Alan Bjerga reports “this year, the current farm bill, set to expire in September, will send $11 billion in subsidies to farmers who are already expecting profits of $91.7 billion, according to the USDA.”

Tweet of the Day: @BridgerCO

The History of Farm Bill Spending via @sharethis 10% o farms received 74% of farm subsidies in 2010. #politics

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