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Large-scale U.S. farm subsidies exceed $60,000 each, Jack Salmon notes

Large-scale U.S. farm subsidies exceed $60,000 each, Jack Salmon notes
Large U.S. farms get bigger subsidies

Jack Salmon reports that taxpayers will provide $300 billion in subsidies to farmers in the coming decade.

According to Salmon, large farms with revenues over $500,000 will receive average subsidies greater than $60,000, while small farms will receive less than $6,000 on average. The average farm household income is estimated at approximately $160,000.

Jack Salmon recently reported that the effective tariff rate in June was minus 8 percent, with tariff refunds totaling nearly $26 billion for the month. In another update, Salmon observed that U.S. real interest rates, which fell sharply in late 2020 despite rising debt, have since reversed course. These insights come as he analyzes the scale and distribution of agricultural subsidies.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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