The U.S. Department of Agriculture distributes between $10 billion and $30 billion in cash subsidies to farmers and owners of farmland each year..1 The particular amount depends on market prices for crops, the level of disaster payments, and other factors. More than 90 percent of agriculture subsidies go to farmers of five crops—wheat, corn, soybeans, rice, and cotton.2 More than 800,000 farmers and landowners receive subsidies, but the payments are heavily tilted toward the largest producers.3
In addition to routine cash subsidies, the USDA provides subsidized crop insurance, marketing support, and other services to farm businesses. The USDA also performs extensive agricultural research and collects statistical data for the industry. These indirect subsidies and services cost taxpayers about $5 billion each year, putting total farm support at between $15 billion and $35 billion annually.
Board members...almost all crop subsidies were discontinued in 2011....there is no current crop subsidy on corn or soybeans, if there was I would receive them because I have been in the farm program for over 40 years (and I still am)...I do receive $200 a year 'reimbursement' for some work I had done on some waterways several years ago...
Private insurance companies receive money from the U.S.government and not the farmers...I pay for corp insurance and 'it is not cheap' (I insure the yield and the price) most of the time we do not collect money on crop insurance (they make a profit on it from us on the insurance)...yes, the U.S government gives grants to the University for research but that also give grants for research for crops that are grown in other 'foreign countries' that we do not grow in the U.S.,...
No American industry get more tax breaks and subsidies that the 'oil and natural gas industry' in the U.S.A.,..as always the monkey talker gives the wrong data and one sided facts...look at how much the U.S.
spends to keep our dams and rivers in shape for barges....! He is always posting Voodoo economics...he needs to forget all the silly stuff and start making some money on good investments...! Real investors talk about investing and don't post false and one sided data...! $tagg...!
What oil subsidies..It always talk about but never a specific one pointed out..I not sure it exists.
What a reduction in royalities...That a tax before the tax. Are the cattle rancher's paying royalties for using Gov't. range land? I don't think so. But oil companies pay royalties.
I wonder what those oil tax breaks are/ I wonder what those oil subsidies are?
I own a farm in PA and lease it to a farmer who grows soybeans, corn and hay. I don't know if he is enrolled in any programs or not, but I have the land enrolled in a tax-reduction plan called "Clean and Green" which lowers my property taxes there by 90% as long as I don't sell it for development.
Is my tax reduction a "subsidy?" Faux-libertarians such as Norris would likely consider it as such.
But Corn Ethanol is the single biggest political corruption America has ever witnessed and allowed Progressive elites to inflict upon us. From the poor Obama supported up.
$2,000+ a year for each American family in food corruption food inflation. Paying 30%+ more for 10% of our gasoline supply for no benefit to the nation. In fact this corruption is so massive it is likely the primary cause our economy is not entering a normal job creating recover.
ExxonMobil in 2011 made $27.3 billion in cash payments for income taxes. Chevron paid $17 billion and ConocoPhillips $10.6 billion. And not only were these the highest amounts in absolute terms, when compared with the rest of the 25 most profitable U.S. companies (see our slideshow for the full rundown of who paid what), the trio also had the highest effective tax rates. Exxon’s tax rate was 42.9%, Chevron’s was 48.3% and Conoco’s was 41.5%. That’s even higher than the 35% U.S. federal statutory rate, which is already the highest tax rate among developed nations.
America should be moving towards our vast natural gas supplies to lower surface fuel costs up to 80%.
We should call corruption crony capitalist liars like Stag the Corn Monster Investment Bumble Beast out as well. My goodness the human blood running from its pockets onto its shoes should keep God Fearing people away from it. Would some one like to post some pleas for help from the Egyptian Christians under Obama 'democracy' movement?
#$%$ with your corn ethanol posts. You are dragging the board farther down into the depths of norriis bordem. and uselessness. Your numbers are screwy just like you. Save .40 save 30%. You are one big pain in the #$%$ with this same subject year over year post after post and you probably have driven your family nuts. You use the blend in your old heap of a gas guzzler and everything else. Your math doesn't add up.