Background Information

Total Costs

Indemnities

Administrative and Operating Expense Reimbursements

Premium Subsidy

Farmer Premiums

Indemnities Paid to Farmers by the Crop Insurance Program in Charlotte County, Florida

Indemnities

YearIndemnitiesPolicies
1995$011
1996$486,81427
1997$295,64463
1998$451,55880
1999$086
2000$0179
2001$905,150169
2002$0184
2003$0179
2004$1,186,674173
2005$14,916,290192
2006$760,396206
2007$861,769168
2008$0155
2009$2,960,295157
2010$1,776,002138
2011$1,395,800147
2012$3,226,666135
2013$1,142,09426
2014$2,345,269121
2015$2,039,688125
2016$1,438,085144
2017$3,853,416144
2018$6,516,689151
1995-2018$46,558,2993,160

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.

 

Farm Subsidies Education

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