Farm subsidies (1 - 10 of 87 items)
Crop Insurance: Considerations in Reducing Federal Premium Subsidies
GAO-14-700: Published: Aug 8, 2014. Publicly Released: Sep 8, 2014.
The cost of the federal crop insurance program and farm sector income and wealth grew significantly from 2003 through 2012. The cost of crop insurance averaged $3.4 billion a year from fiscal years 2003 through 2007, but it increased to $8.4 billion a year for fiscal years 2008 through 2012. According to the U.S. Department of Agriculture's (USDA) Risk Management Agency (RMA), the agency that admi...
USDA Farm Programs: Farmers Have Been Eligible for Multiple Programs and Further Efforts Could Help Prevent Duplicative Payments
GAO-14-428: Published: Jul 8, 2014. Publicly Released: Jul 29, 2014.
From fiscal years 2008 through 2012, the U.S. Department of Agriculture (USDA) reported spending about $114 billion on 60 programs providing financial assistance to farmers, including about $28 billion in crop insurance subsidies. Those programs existed during the effective period of the Food, Conservation, and Energy Act of 2008 (2008 farm bill). Most were administered by the Farm Service Agency...
Farm Programs: Additional Steps Needed to Help Prevent Payments to Participants Whose Incomes Exceed Limits
GAO-13-741: Published: Aug 29, 2013. Publicly Released: Aug 29, 2013.
As part of verifying if farm and conservation program participants had incomes below statutory limits--making them eligible to receive certain 2009 and 2010 program payments--reviews of tax returns by the U.S. Department of Agriculture's (USDA) Farm Service Agency's (FSA) state offices varied in quality. GAO's review of 115 tax return files from selected state offices found that some files met age...
Beginning Farmers: Additional Steps Needed to Demonstrate the Effectiveness of USDA Assistance
GAO-07-1130: Published: Sep 18, 2007. Publicly Released: Oct 18, 2007.
U.S. Department of Agriculture (USDA) programs have long supported beginning farmers. USDA generally defines a beginning farmer or rancher as one who has operated a farm or ranch for 10 years or less--without regard for age--and who materially and substantially participates in its operation. USDA's Farm Service Agency (FSA) makes and guarantees loans for farmers who cannot obtain commercial credit...
Farm Program Payments: USDA Should Correct Weaknesses in Regulations and Oversight to Better Ensure Recipients Do Not Circumvent Payment Limitations
GAO-04-861T: Published: Jun 16, 2004. Publicly Released: Jun 16, 2004.
Farmers receive about $15 billion annually in federal payments to help produce major crops, such as corn, cotton, rice, and wheat. The Farm Program Payments Integrity Act of 1987 (1987 Act) limits payments to individuals and entities--such as corporations and partnerships--that are "actively engaged in farming." This testimony is based on GAO's report, Farm Program Payments: USDA Needs to Strength...
Farm Programs: Changes to the Marketing Assistance Loan Program Have Had Little Impact on Payments
GAO-01-964: Published: Sep 28, 2001. Publicly Released: Nov 5, 2001.
Under the Department of Agriculture's (USDA) Marketing Assistance Loan Program, the federal government accepts harvested crops as collateral for interest-bearing loans (marketing assistance loans) that are typically due in nine months. When market prices drop below the loan rate (the loan price per pound or bushel), the government allows farmers to repay the loan at a lower rate and retain ownersh...
Farm Programs: Information on Recipients of Federal Payments
GAO-01-606: Published: Jun 15, 2001. Publicly Released: Jul 17, 2001.
Payments to farmers under federal farm programs have reached an historic high--over $20 billion in fiscal year 2000. Nearly half of U.S. farms are receiving payments for income or price support purposes and/or for engaging in activities such as land conservation. These payments, in total, made up almost one-half of net farm income in fiscal year 2000. Despite the annual influx of billions of feder...
Commodity Credit Corporation: 1998 Single-Year and Multi-Year Crop Loss Disaster Assistance Program
OGC-99-48: Published: May 27, 1999. Publicly Released: May 27, 1999.
Pursuant to a legislative requirement, GAO reviewed the Commodity Credit Corporation's (CCC) new rule on the 1998 Single-Year and Multi-Year Crop Loss Disaster Assistance Program. GAO noted that: (1) the rule sets forth the terms and conditions of the 1998 Single-Year and Multi-Year Crop Loss Disaster Assistance Program; (2) the purpose of the program is to provide payments to eligible producers w...
Department of Agriculture, Commodity Credit Corporation: Livestock Assistance Program
OGC-99-40: Published: Apr 16, 1999. Publicly Released: Apr 16, 1999.
Pursuant to a legislative requirement, GAO reviewed the Commodity Credit Corporation's (CCC) Livestock Assistance Program (LAP). GAO noted that: (1) the rule would provide new terms and conditions for LAP authorized in the Agriculture, Rural Development, Food and Drug Administration, and Related Agencies Appropriations Act of 1999; (2) in counties that have suffered a 40 percent or greater loss of...
Food and Agriculture Issue Area Plan, Fiscal Years 1997-99: 1999 Update
IAP-98-12: Published: Jun 1, 1998. Publicly Released: Jun 1, 1998.
GAO provided information on its Food and Agriculture issue area plan for fiscal years 1997 to 1999.GAO plans to examine ways to: (1) determine ways to promote the efficient delivery of food and nutrition assistance programs; (2) streamline the Department of Agriculture to improve efficiency in service delivery; reduce waste, fraud, abuse, and mismanagement in agriculture programs; and promote the...