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Iowa

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progressoid

(50,839 posts)
Thu Jul 28, 2022, 12:09 AM Jul 2022

Triple dipping: How some farmers got paid three times for the same decreases in crop prices [View all]

Between 2018 and 2020, farmers across the country likely dipped into three types of taxpayer-funded farm support programs to the combined value of $91.6 billion, an EWG analysis found.

The eye-popping amount of federal payments during these years comes from crop insurance, traditional farm subsidy programs and new programs set up by the Trump administration. The most common loss across these programs was a decrease in crop prices.

Thanks to unprecedented Trump-era giveaways, some farmers received three payments:

An indemnity from their government-subsidized crop insurance policy
A payment from one of two traditional subsidy programs tied to crop prices or revenues
A third payment from one of two programs designed to offset the effects of President Donald Trump’s trade war or Covid-19


more...https://www.ewg.org/research/triple-dipping-how-some-farmers-got-paid-three-times-same-decreases-crop-prices


?itok=3ie0DmR_




If you check out the interactive map you'll notice a lot of money going to NW Iowa (the reddest part of the state).
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