Monday, February 06, 2023

New EWG Report on Distribution of Farm Payments

 Various newspapers picked up the EWG report.

The lede for one: "The top 10% of recipients of federal farm payments raked in more than 79% of total subsidies over the last 25 years ",  

Here's the EWG report.

Elsewhere they note that the Trump administration changed the reporting of payments--I think FSA must be reporting payments to assignees, so likely using the payee data, not the payable. 

[Update: they note the change in reporting reveals which financial institutions get the most payments: " Surprisingly, the financial institution that received the most farm subsidies was the USDA. The USDA’s Farm Service Agency, or FSA, alone got almost $350 million in farm subsidies between 2019 and 2021, more than any other financial organization." Not a surprise to anyone who understands how the payments word.]]

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