Here's how Biden's Agriculture Secretary cashed in during the Trump years:
om Vilsack has spent more time as a cabinet official than anyone else over the last 12 years, serving as secretary of agriculture under both Obama and Biden. But during the four-year period that he was out of government, when Trump was in charge, Vilsack cashed in—leading a trade organization that called on his old department, taking advantage of farm subsidies and winning the lottery of a state he once governed. Today, Vilsack is worth an estimated $4 million.
During this same era, Vilsack’s political career began to take off. He became mayor of Mount Pleasant in 1987, a state senator in 1993, then governor in 1999. In 2006, Vilsack launched a bid for the White House. His presidential run failed, but the eventual winner—Barack Obama—gave him a spot in the cabinet, where he remained for eight years.
When Obama’s second term ended, other lucrative opportunities opened up. In February 2017, Vilsack joined an organization that the agriculture department helps fund, called the U.S. Dairy Export Council. As its chief executive and president, Vilsack promoted dairy products overseas. He also communicated with the Department of Agriculture, reaching out to his successor Sonny Perdue. The work paid well, as revolving-door positions often do.
Vilsack also used his farm to take advantage of programs from the Department of Agriculture. For example, the Conservation Reserve Program pays farmers to refrain from planting and harvesting on sensitive land. In 2020, Vilsack collected about $15,000 of subsidies through the program. He still owns the farm today, causing some ethics complications.
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