Iowa received $24.9 billion in subsidies from 1995 to 2012, making it the second highest recipient of such subsidies in the United States as of 2013, according to the Environmental Working Group. The majority of the subsidies went to corn farmers, with approximately 174,000 farmers sharing around $15.3 billion in subsidies. The second highest amount went to soybean farmers, with approximately 128,000 farmers receiving around $4.1 billion.Continue Reading
As of 2015, crop insurance subsidies have been growing since 2004 in comparison to direct payments, which have declined slightly, as reported by the Environmental Working Group. The United States Department of Agriculture states that only 19 percent of Iowa farmers did not collect subsidies from 1995 to 2012. Payments were highly concentrated among farmers, with the bottom 80 percent of recipients collecting an average of $1,565 annually and the top 10 percent collecting an average of $34,475 annually for a total of $12.3 billion during the 18-year period.
The top corn programs receiving financial support were production flexibility programs, with approximately $3.3 billion in payments, as detailed by the Environmental Working Group. Crop insurance premiums, direct payments and loan deficiency programs for corn were the next highest recipients, with each receiving between $2 billion and $3 billion. During the 18-year period, subsidies peaked in 2005 with approximately $1.9 billion in payments. The program distributed the second highest amount in 2000, giving out nearly $1.59 billion. It distributed the lowest amount in 1996, $367 million, and the second lowest amount, $371 million, in 2012.Learn more about Agriculture