Independent Bank

 

USDA subsidy information for Independent Bank

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.”

Payment Breakdown

Subsidy ProgramTotal Payments 1995-2020‡
Total USDA - Subsidies$327,067
Subtotal, Farming Subsidies$327,067

Commodity subsidy breakdown

Subsidy ProgramTotal Payments 1995-2020‡
Subtotal, Farming Subsidies$327,067
Total Market Facilitation Program$32,740
Market Facilitation Program - Non-specified commodity crops$32,740
Total Price Loss Coverage$269,567
Total Agricultural Risk Coverage$24,760
Agricultural Risk Coverage County Payment$24,760

‡ Data for 2020 includes payments made by USDA through June 30, 2020 and does not include crop insurance premium subsidies.

 

Farm Subsidies Education

AgMag