Sep 13, 2013

Doomed Crops, Record Profits - How Farmers Harvest U.S. Taxpayer Dollars

How Farmers Harvest U.S. Taxpayer Dollars
U.S. taxpayers in fiscal year 2012 spent about $14 billion protecting farmers against crop losses....

About This Report
A Dust Bowl-era program intended to save the nation's farmers from ruin has grown into a 21st-century crutch for affluent growers and financial institutions that is expected to cost U.S. taxpayers almost $90 billion over the next ten years. This report examines how the program works, outlines the way private insurance companies benefit from public assistance, reveals the ways fraudsters in North Carolina stole $100 million through false claims, and shows the potentially harmful impact the system has on the environment.

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