Denver airport got agricultural subsidies by renting to farmers
DENVER, Colorado – Denver International Airport collected about $400,000 in federal agricultural subsidies between 1995 and 2003 by renting up to 18,000 acres of its land to farmers.
About two-thirds of that money went to the farmers.
The city-owned airport acknowledged the subsidies this week after the Independence Institute, a conservative Colorado think tank, spotted the payments.
The airport stopped receiving the farm payments in 2004 but now gets federal subsidies for grasslands erosion control.
The airport on the plains east of Denver, which opened in 1995, has 34,000 acres total.
The Vail Valley’s real estate market has long been an unusual one, with very expensive sales accounting for a large share of the market’s dollar volume. That means a few sales can have a large impact on volume.