TopicsTopics

Stay Connected

Follow ERS on Twitter
Subscribe to RSS feeds
Sign up for e-mail updates
Listen to ERS podcasts
Read ERS blogs at USDA

In The Long Run

Government payments peaked twice at $24 billion, measured in 2003 dollars. The first peak occurred in 1987, just after the end of the farm financial crisis. The second peak occurred in 2000, due to payments enacted by Congress in response to falling export demand and regional crop failures. Payments also spiked at $14 billion in 1993, due largely to high feed grain production and disaster payments for droughts and floods.