Background Information

Total Costs

Indemnities

Administrative and Operating Expense Reimbursements

Premium Subsidy

Farmer Premiums

Farmer Premiums in New Castle County, Delaware

Farmer Premiums

YearFarmer PremiumsPolicies
1995$36,855279
1996$41,701245
1997$40,412142
1998$54,480127
1999$73,455134
2000$102,592175
2001$82,534172
2002$108,129157
2003$127,014169
2004$201,720164
2005$213,659158
2006$244,393165
2007$386,288157
2008$542,135160
2009$539,610190
2010$434,898204
2011$760,594225
2012$613,865228
2013$634,633234
2014$458,499240
2015$429,561234
2016$395,726217
2017$451,741197
2018$414,858191
1995-2018$7,833,3864,764

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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