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Outside the Box Opinion: Farmers are already set for a $55 billion payday — why does Washington want to give them even more? Lawmakers fuel the national debt crisis with an $11 billion farm bailout nobody needs July 24, 2026, 7:50 a.m. ET Before House Speaker Mike Johnson received a supplemental funding request that included an additional $11.1 billion in ad hoc farm subsidies, farmers were already scheduled to receive substantial payments from the U.S. Treasury in 2026.
Ad Hockery: Supplemental Subsidy Payments for Agriculture
Key Points In 2026, most of the roughly $55 billion in federal subsidy payments to the farm sector will flow to about 150,000 of the largest farm operations. In addition to a generous array of mandatory farm-support programs, the federal government provides supplementary ad hoc payments typically authorized under “disaster aid” rationales. Ad hoc farm subsidy payments have a long history, but during the first Trump administration, these payments surged to over $40 billion in 2020 before falling.
Market Concentration in Agricultural Industries
Mergers and acquisitions in agricultural input industries have led to high levels of concentration such that a small number of firms account for most sales. We examine the concentration in seed, fertilizer, and livestock markets. Policymakers have raised concerns that such concentration may worsen consumers’ and farmers’ welfare. Agricultural market concentration might increase market power, but it might also result from economies of scale, in which case aggregate welfare may improve.
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