Who wants to be a farm subsidy millionaire? Quite a few, it turns out.
According to data released by EU governments – and crunched by our sister organisation FarmSubsidy.org – the number of farmers and food companies who received individual payments of more than €1m this year rose by more than 20 percent on the previous year.
Count ’em up: Germany has 268 millionaire recipients, while France has 174 subsidy millionaires, including several banana-producing companies in French overseas territories. Altogether France’s subsidy millionaires took over €1bn in 2009. Besides the sugar refiners, big payouts went to dairy processors and trading companies, as the EU increased dairy export subsidies in 2009.