Background Information

Total Costs

Indemnities

Administrative and Operating Expense Reimbursements

Premium Subsidy

Farmer Premiums

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

Indemnities

YearIndemnitiesPolicies
1995$60,754111
1996$20,25564
1997$64464
1998$37,58179
1999$46290
2000$8,26787
2001$318,08887
2002$296,92383
2003$132,54669
2004$390,41261
2005$142,99759
2006$175,62054
2007$203,16958
2008$222,28859
2009$131,87262
2010$26,10753
2011$70,18572
2012$480,76991
2013$289,029111
2014$505,494123
2015$478,366115
2016$478,267124
2017$1,148,283109
1995-2017$5,618,3781,885

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.

 

Farm Subsidies Education

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