USDA Funding Up 58% since 2002; Up 44% Since 2008

By Fred Lucas | March 1, 2013 | 4:44pm EST

(AP Photo)

(CNSNews.com) – Funding for the U.S. Department of Agriculture (USDA) has increased by 58.7 percent – in real inflation-adjusted dollars -- over a decade, 2002-12,  according to calculations based on Treasury Department data, and up 44 percent since 2008.

In fiscal year 2002, the USDA spending was $68,978,000,000, according to the Final Monthly Treasury Statement for fiscal year 2002. That’s $88,031,880, 000 in 2012 dollars, according to the Bureau of Labor Statistics inflation calculator.

By fiscal year 2012, USDA spending climbed to $139,714,000,000, according to the Final Monthly Treasury Statement for fiscal year 2012 released last September. That’s a 58.7 percent increase in real inflation-adjusted dollars.

The Obama administration has argued that severe consequences would occur as the sequester budget cuts commence on Mar. 1. Under the deal, $44 billion across-the-board federal cuts in increased spending for 2013 will commence, which is equal to about 1.2 percent of the entire federal budget of $3.6 trillion.

Federal spending will increase over 2012 spending, just not as much as the administration and many lawmakers wanted.

In fiscal year 2008, USDA funding was $90,786,000,000. That would be $96,812,030,000 in 2012 dollars. That amounts to an increase of 44.3 percent in inflation-adjusted dollars by 2012.

CNSNews Reader,

The media are hard at work weaving a web of confusion, misinformation, and conspiracy surrounding the COVID-19 pandemic.

CNSNews covers the stories that the liberal media are afraid to touch. It drives the national debate through real, honest journalism—not by misrepresenting or ignoring the facts.

CNSNews has emerged as the conservative media’s lynchpin for original reporting, investigative reporting, and breaking news. We are part of the only organization purely dedicated to this critical mission and we need your help to fuel this fight.

Donate today to help CNSNews continue to report on topics that the liberal media refuse to touch. $25 a month goes a long way in the fight for a free and fair media.

And now, thanks to the Coronavirus Aid, Relief, and Economic Security (CARES) Act, you can make up to a $300 gift to the 501(c)(3) non-profit organization of your choice and use it as a tax deduction on your 2020 taxes, even if you take the standard deduction on your returns.

— The CNSNews Team

DONATE

Connect

Sign up for our CNSNews Daily Newsletter to receive the latest news.