Background Information

Total Costs

Indemnities

Administrative and Operating Expense Reimbursements

Premium Subsidy

Farmer Premiums

Farmer Premiums in Columbia County, Florida

Farmer Premiums

YearFarmer PremiumsPolicies
1995$24,480111
1996$14,48964
1997$9,83864
1998$15,11579
1999$16,74590
2000$14,23687
2001$55,47887
2002$46,41283
2003$52,07869
2004$48,82461
2005$40,67159
2006$31,58554
2007$43,32558
2008$70,90359
2009$51,48862
2010$71,82653
2011$113,98772
2012$158,81691
2013$247,827111
2014$258,545123
2015$174,094115
2016$213,848124
2017$267,956109
1995-2017$2,042,5661,885

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 1995-2017 is $14.6 billion.

 

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