Background Information

Total Costs

Indemnities

Administrative and Operating Expense Reimbursements

Premium Subsidy

Farmer Premiums

Farmer Premiums in Modoc County, California

Farmer Premiums

YearFarmer PremiumsPolicies
1995$60,496258
1996$53,250147
1997$40,78693
1998$68,28143
1999$153,63597
2000$174,357101
2001$138,602102
2002$158,375137
2003$373,823156
2004$389,055149
2005$425,323139
2006$454,307152
2007$513,936151
2008$521,208146
2009$982,442183
2010$768,034193
2011$814,560211
2012$675,916215
2013$916,203232
2014$1,370,567247
2015$1,445,729274
2016$1,473,824275
2017$1,509,559274
2018$1,637,055229
1995-2018$15,119,3234,204

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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