Background Information

Total Costs

Indemnities

Administrative and Operating Expense Reimbursements

Premium Subsidy

Farmer Premiums

Total Costs (see methodology) of the Crop Insurance Program in Charlotte County, Florida

Total Costs (see methodology)

YearTotal Costs (see methodology)Policies
1995$11,34411
1996$575,45427
1997$303,73263
1998$427,69880
1999$-14,32386
2000$-178,950179
2001$840,908169
2002$-41,776184
2003$-50,321179
2004$1,213,546173
2005$14,791,315192
2006$664,926206
2007$698,872168
2008$-130,131155
2009$2,751,322157
2010$1,621,148138
2011$1,054,725147
2012$2,842,809135
2013$900,51326
2014$1,890,088121
2015$1,666,082125
2016$1,005,511144
2017$2,898,504144
2018$5,465,350151
1995-2018$41,208,3453,160

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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