A new report says the U.S. is not the country paying the most in subsidies to farmers. The Organization for Economic Cooperation and Development annually analyzes 54 countries, and says ag subsidies worldwide topped 708 billion dollars per year through 2019, with around three-quarters of that paid to individual producers.
The report says U.S. subsidy support has been consistently below average, with farmers receiving 11% of gross income between 2017 and 2019, while prices received were 4% higher with milk and sugar raising the average.
