Background Information

Total Costs

Indemnities

Administrative and Operating Expense Reimbursements

Premium Subsidy

Farmer Premiums

Premium Subsidies Calculated by the Crop Insurance Program in Contra Costa County, California

Premium Subsidies

YearPremium SubsidiesPolicies
1995$100,02435
1996$65,73335
1997$125,02237
1998$129,22816
1999$142,31250
2000$251,71152
2001$387,45793
2002$311,37198
2003$324,50376
2004$257,11651
2005$280,31453
2006$254,14758
2007$198,39253
2008$229,09357
2009$306,42961
2010$179,03758
2011$279,35862
2012$237,70563
2013$312,44964
2014$320,59368
2015$529,84083
2016$982,86184
2017$1,589,78181
2018$1,586,47185
1995-2018$9,380,9471,473

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 2008-2017 and from RMA previous to 2008) 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 1995-2018 is $14.6 billion.

 

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