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.
As capreform.eu and farmsubsidy.org’s Jack Thurston told The Guardian: “Messing around with agricultural markets helps the big guys who don’t need it. If smaller farmers who struggle to stay competitive need to be supported because they provide social and environmental benefits, they should be paid from social and environmental funds, because ultimately market interventions don’t work.”
