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Farmer Premiums in Illinois

Farmer Premiums
CropFarmer Premiums
1995-2011
Policies
Corn$1,857,599,1731,114,175
Soybeans$787,308,6201,059,149
Wheat$47,894,412221,914
Hybrid Corn Seed$31,939,97335,839
Grain Sorghum$3,994,09055,640
Popcorn$1,553,6866,761
Peaches$1,464,416432
Apples$1,148,923387
Sweet Corn$1,014,2113,338
Potatoes$862,40955
Income Protection Corn$781,1741,016
Green Peas$627,7802,626
GRP Corn$483,808309
Nursery (FG&C)$398,0961,278
Pumpkins$376,089439
Processing Beans$300,7021,461
Forage Production$284,036661
GRP Soybeans$223,302399
Burley Tobacco$105,73121
Oats$81,7153,963
Rice$67,28239
Adjusted Gross Revenue-lite$65,30217
Fresh Market Sweet Corn$49,1273
Nursery (container)$35,60665
Canola$8,58310
Fresh Market Tomatoes$2,9646
Forage Seeding$2,96212
Cabbage$2,76430
Barley$2,629128
Grapes$2201
Tomatoes$02

1995-2011$2,738,679,7852,510,176
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 2001-2008 and from RMA previous to 2001) 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 1995-2011 is $12 billion.