Farm subsidies (1 - 10 of 64 items)
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...
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...
Emergency Disaster Farm Loans: Government's Financial Risk Could Be Reduced
RCED-96-80: Published: Mar 29, 1996. Publicly Released: Mar 29, 1996.
GAO analyzed the financial condition of the Department of Agriculture's multi-billion dollar farm loan portfolio, focusing on: (1) the factors that contribute to the financial risk associated with these loans; and (2) the extent to which farmers attempted to minimize the need for farm loans by purchasing insurance to protect their farming operations.GAO found that: (1) since 1989, the Farm Service...
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...
Farmers Home Administration: The Guaranteed Farm Loan Program Could Be Managed More Effectively
RCED-95-9: Published: Nov 16, 1994. Publicly Released: Nov 16, 1994.
GAO reviewed the Farmers Home Administration's (FmHA) guaranteed farm loan program, focusing on: (1) the extent of losses under the guaranteed loan program compared with those under the FmHA direct loan program; (2) the extent to which the guaranteed loan program has graduated FmHA direct loan borrowers to commercial credit; and (3) ways to make the guaranteed farm loan program more of a source fo...
Rice Program: Government Support Needs to Be Reassessed
RCED-94-88: Published: May 26, 1994. Publicly Released: Jun 28, 1994.
Pursuant to a congressional request, GAO reviewed the Department of Agriculture's (USDA) rice program, focusing on its impact on the federal government and rice buyers and producers.GAO found that: (1) the rice program is costly despite USDA attempts to curtail costs; (2) between 1986 and 1992, annual government support costs averaged $863 million and annual export promotion costs averaged $157 mi...