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By DANIEL SELIGMAN RESEARCH ASSOCIATE Joan W. Campo

(FORTUNE Magazine) – The students at the little rural high school in Princeton, California, might not exactly fit the definition of struggling family farmers, but they collected $7,087 in federal farm . . . subsidies last year. The subsidies, called deficiency payments, went to the high school's Future Farmers of America chapter because a couple of its members enrolled their 60 acres of rice in the support program. ''This gives them experience, a learning experience,'' said Andy Ferrendelli, agriculture teacher and FFA adviser at Princeton High. ''They go out and get loans and they farm the land just like the other farmers around here.'' -- From a news report in the Washington Post.