Price Loss Coverage Program (PLC) in Matagorda County, Texas, 2019
Subsidy Recipients 1 to 20 of 398
Recipients of Price Loss Coverage Program (PLC) from farms in Matagorda County, Texas totaled $14,847,000 in in 2019.
| Rank | Recipient (* ownership information available) |
Location | Price Loss Coverage Program (PLC) 2019 |
|---|---|---|---|
| 1 | First State Bank ** | Louise, TX 77455 | $1,720,175 |
| 2 | Capital Farm Credit ** | El Campo, TX 77437 | $1,276,634 |
| 3 | Prosperity Bank ** | El Campo, TX 77437 | $1,119,437 |
| 4 | Triangle Cattle Co Rice Farms | Bay City, TX 77414 | $557,064 |
| 5 | New First National Bank ** | Victoria, TX 77904 | $426,568 |
| 6 | Hess Farms Ptsp | Brooks, MN 56715 | $394,379 |
| 7 | Ledwig Partners | Blessing, TX 77419 | $360,084 |
| 8 | Gulf Coast Ag | Bay City, TX 77404 | $233,500 |
| 9 | Agrifund LLC ** | Amarillo, TX 79106 | $218,484 |
| 10 | Maj Farms Partnership | Bay City, TX 77414 | $211,555 |
| 11 | Franzen Farms | Collegeport, TX 77428 | $206,551 |
| 12 | Vista Bank Of Texas ** | Ralls, TX 79357 | $199,478 |
| 13 | David & Linda Popek Farms | Bay City, TX 77414 | $172,784 |
| 14 | Farm Services Agency ** | Washington, DC 20250 | $154,023 |
| 15 | Jenkins & Jenkins | Palacios, TX 77465 | $141,896 |
| 16 | Robert & Tammy Binkley Dba Sunset Farms | Bay City, TX 77414 | $136,524 |
| 17 | Smith & Sons | Bishop, TX 78343 | $118,761 |
| 18 | Cooperative Finance Association ** | El Campo, TX 77437 | $118,124 |
| 19 | E Cross Cattle Company Inc | Wadsworth, TX 77483 | $117,250 |
| 20 | Pda Farms Ltd | Bay City, TX 77404 | $114,605 |
* 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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