Ultima Bank
USDA subsidy information for Ultima Bank
Ultima Bank received payments totaling $1,036,689 from 1995 through 2023
EWG has identified this recipient as a bank or lending institution that received the payment because the payment applicant had a loan requiring any subsidy payments go to the lender first. In 2019, the information provided to EWG by USDA began to include the entity that received the payment, rather than the person or entity that applied for it, which was previously provided. This move to shield subsidy recipients from disclosure enables USDA to further evade taxpayer accountability. Six percent of subsidy dollars went to banks, lending institutions, or the Farm Service Agency.
| Year | Conservation Subsidies | Disaster Subsidies | Commodity Subsidies | Total USDA Subsidies 1995-2023 |
|---|---|---|---|---|
| 2019 | $52,555 | $0 | $132,970 | $185,525 |
| 2020 | $48,383 | $0 | $342,482 | $390,865 |
| 2021 | $31,620 | $156,056 | $195,136 | $382,813 |
| 2022 | $34,688 | $0 | $10,279 | $44,967 |
| 2023 | $32,520 | $0 | $0 | $32,520 |
| Total | $199,766 | $156,056 | $680,866 | $1,036,689 |
Counties where payments were made from
| County | Subsidy Payments 1995-2023 |
|---|---|
| Beltrami County, Minnesota | $46,060.00 |
| Chippewa County, Minnesota | $1,979.00 |
| Clearwater County, Minnesota | $6,793.00 |
| Mahnomen County, Minnesota | $27,644.00 |
| Marshall County, Minnesota | $253,206.00 |
| Norman County, Minnesota | $46,256.00 |
| Pennington County, Minnesota | $398,122.00 |
| Polk County, Minnesota | $56,530.00 |
| Red Lake County, Minnesota | $115,009.00 |
| Roseau County, Minnesota | $33,467.00 |
| Swift County, Minnesota | $18.00 |
| Grand Forks County, North Dakota | $4,106.00 |
| Total | $1,036,689 |
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