Skip to Main Content
For the Good of Illinois
Submit a Donation
Log Out
(Account Info)
Search
·
Popular Reports
·
My Reports
Member Login
Forgot Password?
Submit a Donation
Sign Up
Sign In
Log In
Home
About Us
FAQs
Contact Us
Maps
Petition
Mobile
News
Donate
Sign Up!
Home
/
News - Detail
%%EMAIL_FRIEND%%
Twitter
Facebook
Home
About Us
Search
FAQs
Contact Us
Widget
Mobile
Media/Blog
Donate
Sign Up!
Subscriber Special: The U.S. Farm Subsidy $1 Million Club
August 14, 2018 10:00 AM
(not rated)
Who received $1 million+ in federal farm
subsidies in your ZIP code?
Federal farm subsidies have grown so lucrative
that wealthy investors, large corporations, and farm-estate heirs use taxpayer money to maximize their personal return on investment.
Since 2008, however,
the top 10 farm subsidy recipients each received an average of $18.2 million
– that’s $1.8 million annually, $150,000 per month, or $35,000 a week. With the median household income of $60,000 a year,
these farmers received more than 30 times the average yearly income of U.S. families
.
Consider these fast facts regarding the harvesting of farm subsidies:
Not the traditional family farm:
The top five recipients reaped between $18 million and $23 million apiece
since 2008. Additionally, subsidies of over $10 million apiece flowed to 18 individual farming entities.
Welfare to Wealthy Farmers:
Over $11 billion in farm subsidies flowed to 6,618 recipients
who received at least $1 million since 2008.
Very expensive mistakes:
The Dept. of Agriculture admitted to $3.7 billion in "improper payments" processed since 2004.
Just in the past two years, $650 million in subsidy over-payments were shelled out to farmers. In 2011, the Internal Revenue Service reported that $1.1 billion was paid to 172,801
deceased
farmers over a six-year period.
Read the Top 10 Farm Subsidy Fast Facts in our column published at Forbes
.
Hundreds of Chicagoans are cashing in on federal farm subsidy programs.
CBS 2's Political Reporter Derrick Blakely interviews OpenTheBooks CEO Adam Andrzejewski on the 1,200 Chicago residents receiving farm subsidies totaling nearly $8 million.
Watch the CBS news segment.
Follow the money flowing into your zip code!
Using our
interactive map
at OpenTheBooks.com, search all $100,000,000+ recipients of federal farm subsidies flowing into ZIP Codes across America. Search the map,
click here
.
Remember, It's Your Money! Join the Transparency Revolution!
Jessie Fox
Communications Specialist
Adam Andrzejewski (say: Angie-eff-ski)
CEO & Founder, OpenTheBooks.com
Matthew Tyrmand
Deputy Director at Large
Learn more about our recent OpenTheBooks Investigations:
REAL CLEAR POLITICS: MEET AMERICA'S ELITE FARM SUBSIDY CLUB
FORBES: FOLLOW THE MONEY IN FLORIDA, 34,873 PUBLIC EMPLOYEES WITH $100,000+ SALARIES COST TAXPAYERS $5.5B
FOX NEWS: ILLINOIS PENSION FUND MANAGER RECEIVED $137,000 GOLDEN PARACHUTE
Back
Comments
Leave a Comment
Rate this News Article:
Indicates required field
Name
City
Email
State
Alabama
Alaska
American Samoa
Arizona
Arkansas
Armed Forces-AA
Armed Forces-AE
Armed Forces-AP
California
Colorado
Connecticut
Delaware
District of Columbia
Florida
Georgia
Guam
Hawaii
Idaho
Illinois
Indiana
Iowa
Kansas
Kentucky
Louisiana
Maine
Maryland
Massachusetts
Michigan
Minnesota
Mississippi
Missouri
Montana
Nebraska
Nevada
New Hampshire
New Jersey
New Mexico
New York
North Carolina
North Dakota
Northern Mariana Islands
Ohio
Oklahoma
Oregon
Pennsylvania
Puerto Rico
Rhode Island
South Carolina
South Dakota
Tennessee
Texas
United States
Utah
Vermont
Virgin Islands
Virginia
Washington
West Virginia
Wisconsin
Wyoming
Comment
2000 characters left
Please enter text you see below
No comments have been posted to this News Article