North Dakota is one of the top recipients of money from the Farm BillFargo, ND (WDAY TV) -- With the so called Fiscal Cliff looming, some lawmakers are looking at the Federal Farm Bill as an area to cut. North Dakota is one of the top recipients of money for farmers under the bill.
Fargo, ND (WDAY TV) -- With the so called Fiscal Cliff looming, some lawmakers are looking at the Federal Farm Bill as an area to cut. North Dakota is one of the top recipients of money for farmer under the bill.
North Dakota got about 8.7 billion dollars from the federal government in 2010 the last budget year with a fiscal report. Per capita that ranks the state tenth overall in Federal funds.
About 1 billion dollars of that was in Agriculture assistance according to the Census Bureau. And about half of that money for farms came in the farm bill. And eventually that money makes it's way to local businesses.
Dwight Aakre/NDSU Agribusiness: "Well in general the money in agriculture is multiplied about two times as it rolls through the economy."
And since 1995 over 14 billion dollars have come into North Dakota through the Farm bill with 621 million just for Cass County which ranks it number 8 nationally for counties receiving money in the farm bill.
And while the money rolling in to farms may seem high, its just a drop in the bucket in these good farming times.
Aakre: "In light of the total revenue today they're very small, the government payments have totaled about 5% to 6% of total revenues in the past."
However for livestock producers the farm bill is not so generous and the market has been fairly volatile with rising feed costs.
And the large majority of the farm bill nationally is for the SNAP or food stamps which accounts for 70% of the 283 billion dollar 5 year bill.
According to the USDA 84 percent of farms in North Dakota collected subsidy payments with nearly 2/3 of the money going to just 10 percent of farmers.