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1 1 (September 7, 2022)

handle is hein.amenin/aeiaekp0001 and id is 1 raw text is: Key Points * Crop ir ane subsidies are corisistently heavily concentrated on the largest Farrns. The Iarest 10 percent of farms reeive 56A pernt, and the largest 5 perrcent receive 36 per cnt of all crop insurance subsidies. SCrop risu rne suosiies per acre are larger for larger operations. The largest I percent of farms receive an average of $ per acre, cmpared to $2 per acre for farms. in the 80-90 percent range and $ per cre forf arms in the 50-80 percent range. The a rgest t rn owners have hig h eA of wealth and incone. The top ioercent have an average adused gross incm (A G) of $ . million and aver.ge walthC o $15.7 mil- lion, eight tes th` AG and five times the total vvaoth r faris n thc 80f-90 percent range and t trnes the AGI and nie res the total 'weaLth for midsize arms in the 50-80 percent -ange. It is often difficuti-and in nmany situations seenm- ingly i rpossile---for the major US political parties to findi common g r-ound. However, many me mbers of Congress agree on one issue, regardess of their party affiliation. Whether the vehicle is crop insur- ance subsidies, price and income sugport prograrns, or ad hoc disaster relief, for decades a bipartisma congressional tradition has been that the federal govern-intent should give farmers substantial subsidy checks, regardless of the state of the farm euonomy. In. 2022, lisde has changed with the politics of taxpayer-fundcd payments to farmers, even though as a group farm families and farm biusinrcss owners are much wealthier and enjoy substantally hrgher incomies than the average UI hoisehold does - Currently, there appears to be little serious discus- sion about moderating farm npayments in the forth- coining 2023 Farm Pill. This is despite the agricul- tural sector as a whole enjovirg well--above -average net farm incomes in 2021 and the agricultural sec- tor expecting even higher revenues and ricomes i 2022. Further, the sector is projected to receive above -average incones in the next few years, albeit at slightly lower levels Taxpayers with no vested interests in farm pro- gramns rarey weigh in on this issue, in part because annually farm subsides, which run between $20 and $25 billion in mos years, make tip a miniscule fraction of the total fecderal budget, estinited to he over $6 billion in 2o,2 Neverf heless, especially because farm program outlays are heaimv concen- trated on fewer than o-0o,oo arrs, we must con- sider what programs are being supported and whom these funds ultim ately benefit.

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