Farm Subsidy Transparency Act of 2021

The Farm Subsidy Transparency Act of 2021 would require the U.S. Department of Agriculture (USDA) to collect and publicly disclose the race, gender, and farm size of individuals who apply for or receive federal agricultural benefits. This data collection would apply to a wide range of programs, including commodity subsidies, conservation grants, and federally subsidized crop insurance. Additionally, the bill would require financial institutions to track demographic information for farm and ranch loan applications, similar to current requirements for small business loans.

For the average citizen, the practical impact of this bill is increased transparency regarding how taxpayer-funded agricultural subsidies are distributed across different demographic groups and farm sizes. By making this information public, the bill aims to provide a clearer picture of which types of farmers and ranchers are accessing government support and where potential gaps in assistance may exist.