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Thursday, November 7, 2024

How much did farmers in Loving County receive in taxpayer-funded subsidies in 2021?

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Farm in Loving County received $3,446 in taxpayer-funded subsidy in 2021, according to the U.S. Department of Agriculture.

Within the area, only one subsidy was granted, and it was given to J 6 Land and Cattle Company, Inc.. They received financial support in the amount of $3,446 for the claim of "Livestock Forage Disaster Program".

There was the same amount of subsidies than the year before, and the total value of the subsidies rose by $146.

Kimberly Amadeo of The Balance said farmer subsidies "help high-income corporations, not poor rural farmers. Most of the money goes toward large agribusinesses."

USDA data analyzed by the Cato Institute found that "farmers (on net) have derived almost 40% of their income directly from the U.S. government” in recent years.

The U.S. has provided farm subsidies since the Great Depression to assist farmers who weather price fluctuations and disasters to help maintain consistent farming across the country.

Subsidy Received by Loving County Code Farmer in 2021
Farmer$ ReceivedReason for SubsidyTotal Received in Subsidies by Farmer ($)
J 6 Land and Cattle Company, Inc.$3,446Livestock Forage Disaster Program$3,446

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