Taxpayers giving too much to rich farmers

September 15, 2010 at 8:47 am in DL-Online

Interesting farm math for an owner of 200 acres of prime Minnesota, Iowa or Illinois farmland receiving $230/acre in annual cash rent: Costs: $30/acre in real estate taxes, leaving $40,000/year in spendable income, plus the taxpayers will pay about 60 percent of his renter’s crop insurance premium ($25) to assure the rent is paid, good crop or bad. Continue Reading