 |
CLICK HERE TO VIEW CURRENT ISSUE |
|
 |
 |
GAO REPORTS FARMERS HAVE RECEIVED $161 BILLION FROM USDA IN PAST FIVE YEARS Dec. 19, 2024
Agri-Pulse reports:
USDA provided $161 billion in financial assistance to farmers between 2019 and 2023 through both farm bill and supplemental assistance programs, according to a new Government Accountability Office report. To view the report click here.
The report says one million producers received some form of financial assistance each year during that time frame. The report totaled up crop insurance subsidies, commodity payments, disaster assistance and conservation funding as well as temporary assistance authorized by Congress.
Some 7% of the producers accounted for $20.3 billion a year in average total funding, or about $272,000 per producer. The other 93% of producers received a total of $11.9 billion annually, or $12,000 per farmer.
Federal crop insurance provided the most total financial assistance overall between 2019 and 2023 at $53 billion. The Coronavirus Food Assistance Program followed at $30 billion, while the Market Facilitation Program came in third at $22.6 billion.
|
 |
 |
 |
|