
Federal Spending And The Budget | |
Farm Subsidies Went To Rich Farmers In Iowa |
Wealthy agribusiness partnerships and corporations reaped about half of the $2 billion in federal farm subsidies channeled into Iowa in the first three years of the Freedom to Farm program. The other half was parceled out in smaller payments of usually less than $6,000 to small, family farmers, according to a study by the Environmental Working Group.
Reports point out, however, that the study doesn't fully capture the government's generosity toward Iowa. Payments under Freedom to Farm totaled $929 million in 1998. But adding in special aid to hog raisers, disaster payments, crop insurance indemnities and conservation payments brings Iowa's total take to $1.54 billion for 1998. Experts expect that 1999 figures will be even higher. Source: Bruce Ingersoll, "Iowa Farm Aid Helped Rich Most, Study Says," Wall Street Journal, January 14, 2000. For more on Agriculture http://www.ncpa.org/pd/budget/budget-7.html |
Home | Support Us | All Issues | Social Security | Debate Central | Contact Us
Dallas Headquarters: 12770 Coit Rd., Suite 800 - Dallas, TX 75251-1339 - 972/386-6272 - Fax 972/386-0924
Washington Office: 601 Pennsylvania Ave. NW, Suite 900 South Building - Washington, DC 20004 - 202/220-3082 - Fax 202/220-3096
© 2001 NCPA