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East Kentucky Times

Thursday, November 21, 2024

4 Floyd County farmers received agricultural subsidies in 2021

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Farms in Floyd County received $2,014 in taxpayer-funded subsidies in 2021, according to the U.S. Department of Agriculture.

Of the four subsidies provided, the largest was for Roland E. Gray, which received $1,222 for the claim of "Coronavirus Food Assistance Program 3 - Livestock and Poultry".

The smallest subsidy provided to a Floyd County farmer was $54 to Middle Creek National Battlefield Foundation.

There were seven fewer subsidies than the year before, and the total value of the subsidies fell by $11,014.

Kimberly Amadeo of The Balance said farmer subsidies "help high-income corporations, not poor rural farmers. Most of the money goes toward large agribusinesses."

USDA data analyzed by the Cato Institute found that "farmers (on net) have derived almost 40% of their income directly from the U.S. government” in recent years.

The U.S. has provided farm subsidies since the Great Depression to assist farmers who weather price fluctuations and disasters to help maintain consistent farming across the country.

Subsidies Received by Floyd County Code Farmers in 2021
Farmer$ ReceivedReason for SubsidyTotal Received in Subsidies by Farmer ($)
Roland E. Gray$1,222Coronavirus Food Assistance Program 3 - Livestock and Poultry$1,222
Phillip Goble$506Coronavirus Food Assistance Program 3 - Livestock and Poultry$506
Robert Clay Guess$232Coronavirus Food Assistance Program 3 - Livestock and Poultry$232
Middle Creek National Battlefield Foundation$54Conservation Reserve Program Payment - Annual Rental$54

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