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Total Costs (see methodology) of the Crop Insurance Program in the United States

Total Costs (see methodology)
YearTotal Costs (see methodology)Policies
1995$1,385,285,0732,454,932
1996$1,154,806,2842,231,091
1997$620,532,1171,847,715
1998$1,262,779,8671,744,944
1999$1,604,330,9841,798,333
2000$1,601,037,4621,938,026
2001$2,434,619,5151,909,850
2002$3,576,930,9861,888,143
2003$2,689,192,1681,922,526
2004$2,486,648,9561,988,947
2005$1,684,532,0431,969,461
2006$2,645,923,6201,952,696
2007$2,221,051,5261,933,719
2008$6,623,666,6801,956,132
2009$3,385,744,5462,047,618
2010$2,804,442,7282,031,288
2011$7,789,361,2622,067,144
2012$11,621,455,8392,106,506

1995-2012$57,592,341,34035,789,071
METHODOLOGY: EWG obtained county level crop insurance information from USDA Risk Management Agency which shows premium subsidies, indemnities and farmer premiums at the county/crop level by crop year. Administrative and Operating Expense Reimbursements to crop insurance companies (A+O), Other program fund costs, Other administrative and operating fund costs expenses, and Government earned interest were allocated to the crop/county level by using the national expenditures/revenue of the Crop Insurance program (available here for 2003-2012 and from RMA previous to 2003) in each category and attributing them the crop/county level by total premiums. EWG was unable to attribute underwriting gains to the county/crop level. Underwriting gains (or losses) are paid to insurance companies when the insurance companies collect more in total subsidies than are paid out in indemnities. Since underwriting gains are paid by company on the basis of all of their policies, EWG was unable to allocate underwriting gains by crop or by region. The total underwriting gains for 1995-2012 is $11 billion.