$7 Billion Government Bailout Issued to Help Animal Feed Industry

USDA allocates massive amounts of taxpayer funds in part to bolster troubled corn farmers.

The United States Department of Agriculture (USDA) has paid $7 billion in subsidies under what the government agency calls “Agriculture Risk Coverage” and “Price Loss Coverage,” according to Colin Lokey of finance website Zero Hedge. Lokey points out that this bailout, derived from taxpayer funds, will mostly be allocated to Midwest corn farmers. In addition to its role as feed in animal agriculture, corn is among the seven most federally subsidized foods in the country (including soybeans, wheat, rice, sorghum, meat, and milk) which account for the majority of calories consumed by Americans. Despite research indicating that consumption of the top seven subsidized foods makes Americans 37 percent more likely to become obese, this year’s crop subsidy is 35 percent higher than the $5.2 billion bailout that the USDA issued in 2015.

More News

Norway Bans Fur Farms

New legislation will shut down the country's 300 fur farms—that produce nearly 1 million animals annually—by 2025.
Read More »

Kat Von D Beauty Debuts 40 New Vegan Lipsticks

Fan favorite Studded Kiss lipstick returns in a wide range of colors made with a new animal-free, highly pigmented formula.
Read More »

Thousands Take BuzzFeed's Vegan Quiz

Popular new quiz uncovers vegans' favorite meat substitutes, worst annoyances with meat-eaters, and frequency of nutritional yeast usage.
Read More »

Fake Sanctuary Scams Vegans for More than $35,000

Suspect Trey West allegedly took advantage of animal lovers using a falsified GoFundMe campaign under the name Friends Not Food Sanctuary.
Read More »

Boiling Live Lobsters Now Illegal in Switzerland

The country recognizes the sentience of lobsters and bans transporting aquatic species on ice or any other unnatural environment.
Read More »

This Week on VegNews TV: The secret to these delightful sweet treats is white beans! Aylin Erman shows you how to make these simple blondies.

More Videos »