Iowa Tax Bureau News Today : Breaking News, Live Updates & Top Stories | Vimarsana

3/3/2021
Since 1995, the top 1 percent of American farm subsidy recipients have received 26 percent of subsidy payments, and the top 10 percent have been handed 78 percent of the total. The top 1 percent of wealth earners in the country got 26 percent of those. Fifty members of the Forbes 400 wealthiest Americans garnered some form of farm subsidy. Does this mean that farm subsidies are unfair? Or are they necessary to make food affordable to everyone?
Government subsidies to ag have taken myriad forms over history. Armies were the first and greatest of these. The Roman Empire’s famous grandeur was sustained by the feeding grounds of Egypt and Asia Minor. Slavery, enforced by military might, became the greatest ag subsidy of history. ....

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