Price Loss Coverage Program (PLC) in Minnesota, 2020
Subsidy Recipients 1 to 20 of 24,545
Recipients of Price Loss Coverage Program (PLC) from farms in Minnesota totaled $160,408,000 in in 2020.
| Rank | Recipient (* ownership information available) |
Location | Price Loss Coverage Program (PLC) 2020 |
|---|---|---|---|
| 1 | Agcountry Farm Credit Services ** | Jamestown, ND 58402 | $5,218,794 |
| 2 | Farm Services Agency ** | Washington, DC 20250 | $1,314,791 |
| 3 | American Federal Bank ** | Fosston, MN 56542 | $1,121,736 |
| 4 | Chs Capital LLC ** | Inver Grove Heights, MN 55077 | $815,710 |
| 5 | Agquest Financial Services Inc ** | Renville, MN 56284 | $752,379 |
| 6 | Choice Financial Group ** | Langdon, ND 58249 | $507,297 |
| 7 | Bell Bank ** | Fargo, ND 58103 | $478,932 |
| 8 | Kodabank ** | Drayton, ND 58225 | $439,432 |
| 9 | Molitor Bros Farm | Cannon Falls, MN 55009 | $355,336 |
| 10 | Field Brothers Farms Gp | Stephen, MN 56757 | $351,378 |
| 11 | Pioneer Bank ** | Saint James, MN 56081 | $343,330 |
| 12 | Agrifund LLC ** | Amarillo, TX 79106 | $329,986 |
| 13 | Farmop Capital, LLC ** | St Paul, MN 55101 | $303,798 |
| 14 | Bremer Bank ** | Devils Lake, ND 58301 | $278,145 |
| 15 | Hader Farms Partnership | Zumbrota, MN 55992 | $267,989 |
| 16 | Ultima Bank ** | Bemidji, MN 56601 | $260,186 |
| 17 | First Farmers & Merchants Bank ** | Fairmont, MN 56031 | $240,809 |
| 18 | Oberg Grain | Moorhead, MN 56560 | $236,104 |
| 19 | Magnusson Farms | Roseau, MN 56751 | $221,775 |
| 20 | Stoltman Farms | Argyle, MN 56713 | $211,023 |
* USDA data are not "transparent" for many payments made to recipients through most cooperatives. Recipients of payments made through most cooperatives, and the amounts, have not been made public. To see ownership information, click on the name, then click on the link that is titled Ownership Information.
** 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.”
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