Michele Bachmann still harvesting federally subsidized farm profits

[Minnesota Raindog]

Profits are up on the Bachmann family farm in Buffalo County, Wisconsin. Michele Bachmann's 2009 Financial Disclosure Statement reported profits of between $15,001-$50,000 from the Bachmann Farm Family Limited Partnership in 2008. Bachmann failed to list the profits from the farm on her 2008 disclosure statement, but in 2007, she reported between $5,001-$15,000 profits in 2006...

The Bachmann Farm Family Limited Partnership comprises 949 acres spread out over 36 parcels in Montana Township in west-central Wisconsin's Buffalo County. The Partnership was formed in 2001. The parcels were assessed in 2006 at $335,200 and $10,200, respectively.

Although Bachmann is a vociferous opponent of all federal subsidies, in 2007, it was reported that land owned by the Bachmann Farm Family Limited Partnership had collected at least $127,868 in federal farm subsidies since the partnership was formed in 2001. Federal subsidies for the Bachmann farm averaged about $30,000 a year from 2003-2005, the most recent years for which data is available.

More here:

http://dumpbachmann.blogspot.com/2009/08/bachmanns-farm-profits-helping-pay.html