1985 Payments and Crop Loans by State
RCED-87-155FS: Published: Jul 22, 1987. Publicly Released: Jul 22, 1987.
- Full Report:
In response to a congressional request, GAO provided information on farm price and income support payments and crop loans in 1985.
GAO detailed the distribution of: (1) payments and crop loans, by region and state; (2) payments, by crop and size of payment; and (3) crop loans, by crop and size of loan. GAO found that: (1) nationally, 980,000 producers received almost $6.3 billion in payments; (2) about 462,000 producers took out loans totalling about $15.2 billion; (3) Texas producers received almost $700 million in payments, more than for any other state; (4) Iowa's $2.4 billion in loans was the most of any of the states; (5) about 804,000 producers received less than $10,000 in payments; (6) about 15,000 producers received $50,000 or more; (7) about 294,000 producers took out loans of less than $25,000; and (8) about 68,000 producers took out loans of $200,000 or more.