The Midwest Center for Investigative Reporting and the Watchdog Writers Group reported Thursday (10/7) on the Iowa Farm Bureau and how it has profited from funds generated by its insurance subsidiary.
"The political activities of farm bureaus at the state and federal level are well-documented. But the scope of the Iowa Farm Bureau’s sprawling financial operations is less understood. Through expanded investments, it has reaped massive profits. Over the past decade, its total revenue has increased about 200 percent. And, lately, about 80 percent of it comes from investments, according to tax documents. No other farm bureau even approaches that ratio."
CLICK HERE to read the full article.
