Big farms are collecting taxpayer dollars that they haven’t necessarily earned by taking advantage of a loophole in government subsidy rules, according to regulators, members of Congress and the U.S. Government Accountability Office.
In the top pork producing states, many farmers are under contract with giant meatpackers like Tyson or Smithfield Foods. The packers actually own the pigs and pay the farmers to raise them. Nebraska is one of the last states to still prohibit meatpackers from owning livestock.
The Trans Pacific Partnership could boost the U.S. agriculture industry by $3 billion. Many farmers and ranchers stateside are eager to see tariffs in countries like Japan, which have been notoriously expensive export markets.