Subset of Farm Subsidy Recipients Reach Wealthy Tiers
AP analysis shows 63 percent of last year’s 27 billion in federal farm subsidies went to the top 10 percent of recipients. Payments flow to nonfarm interests, including Fortune 500 companies and universities, with heirs of John R. Simplot receiving six-figure sums.
MENTIONED IN THIS ARTICLE
Associated Press
America
Agriculture Department
Fortune 500
Tom Harkin
Iowa
Senate Agriculture Committee
Iowa Leads Nation In Corn Yield As Farm Subsidies Expire
Iowa tops the nation in corn production and leads in harvested acreage while ranks for soybeans oats and alfalfa hay remain high. Subsidy limits under CRP and other programs cap payments to individuals and adjust with market changes. the 1996 Freedom to Farm Act expires in 2002 prompting talks of a new farm support program.
MENTIONED IN THIS ARTICLE
Iowa
Phillips
Conservation Reserve
Duffy
Associated Press
Congress
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Forbes Magazine
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Grovert Chevrolet
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