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2006 Farm Subsidies

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Publication Date: April 2008

Publisher(s): Environmental Working Group

Author(s): Ken Cook; Chris Campbell

Topic: Agriculture, forestry and fishing (Agricultural economics and farm holdings)

Keywords: farm subsidies

Type: Report

Abstract:

Over the next few weeks, some American couples will get $1,200 of their own money back from Washington. This is the maximum, one-time tax rebate Congress provided last February in their desperate attempt to revive our faltering economy that has since been declared in recession.
By contrast, in a few months some other American couples, who operate some of the largest, most profitable farms in the country or merely own huge swaths of farmland, could be receiving 100 times that amount from the government-$120,000. That's what could happen if the House version of the 2008 farm bill becomes law later this week.