Farm subsidies (1 - 10 of 48 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...
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: 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...
Crop Insurance: Further Actions Could Strengthen Program's Financial Soundness
T-RCED-99-161: Published: Apr 21, 1999. Publicly Released: Apr 21, 1999.
Pursuant to a congressional request, GAO discussed the Department of Agriculture's (USDA) federal crop insurance program, focusing on whether USDA: (1) has set adequate insurance rates to achieve the legislative requirement of actuarial soundness; (2) appropriately reimburses participating crop insurance companies for their administrative costs; (3) can deliver catastrophic crop insurance at less...
U.S. Agricultural Trade: Canadian Wheat Issues
NSIAD-99-21: Published: Oct 16, 1998. Publicly Released: Nov 17, 1998.
Pursuant to a congressional request, GAO provided information on Canadian grain exports to the United States, focusing on the operations of the Canadian Wheat Board (CWB) and the trade remedies applicable to the activities of state trading enterprises (STE).GAO noted that: (1) the CWB is a STE with a monopoly on certain Canadian grain sales and receives Canadian government subsidies in a number of...
Farm Bill Export Options
GGD-96-39R: Published: Dec 15, 1995. Publicly Released: Dec 15, 1995.
Pursuant to a congressional request, GAO identified ways that the Department of Agriculture (USDA) can improve the effectiveness of its agricultural export assistance programs. GAO noted that: (1) public and private sector organizations identified 126 options for improving USDA agricultural export assistance programs; (2) of the options identified, there were 58 for improving market development an...
Crop Insurance: Additional Actions Could Further Improve Program's Financial Condition
RCED-95-269: Published: Sep 28, 1995. Publicly Released: Sep 28, 1995.
Pursuant to a congressional request, GAO examined whether the Department of Agriculture (USDA): (1) set insurance rates to achieve the legislative requirement of 91-percent adequacy; (2) reduced the losses caused by high-risk farmers; (3) based payments to farmers for claimed losses on their actual production history; and (4) set deadlines for farmers to purchase crop insurance before planting the...
Ethanol Tax Exemption
RCED-95-273R: Published: Sep 14, 1995. Publicly Released: Sep 14, 1995.
Pursuant to a congressional request, GAO provided information on the possible effects of eliminating the current tax exemption for ethanol, focusing on the estimated: (1) decline in ethanol use; and (2) fiscal effects on the Treasury and changes in farm income payments resulting from the decline in ethanol use. GAO noted that: (1) ethanol usage would likely decline by between 50 and 90 percent if...
RCED-95-264R: Published: Aug 28, 1995. Publicly Released: Aug 28, 1995.
GAO provided information on the distribution of deficiency payments under the Department of Agriculture's income support program during crop year 1993. GAO noted that: (1) about 1.1 million individuals received payments under their own name or through entities, general partnerships, or joint ventures; (2) the average deficiency payment varied from one commodity to another; (3) 76 percent of these...
Farm Programs: Distribution of USDA Income Support Payments
T-RCED-95-133: Published: Mar 16, 1995. Publicly Released: Mar 16, 1995.
GAO discussed the distribution of the Department of Agriculture's income support payments for crop year 1993, focusing on the: (1) value of these payments; and (2) extent to which these payments may be concentrated among relatively few farms. GAO noted that: (1) payments to individual farms ranged from less than $100 to almost $1.8 million; (2) approximately 75 percent of the 989,000 farms receive...