Farmers have good years and bad years—like every other business—but the median income of farm households is consistently higher than the median income of nonfarm households. The average American household has a net worth of $82,600, versus $827,000 for farm households.19 About half of the billions in farm subsidies go to farmers with household income over $150,000. If Republicans—or Democrats—were remotely serious about cutting the deficit, wouldn’t it be a logical step to cut out what amounts to farming welfare for rich farmers?
