Background Information

Total Costs

Indemnities

Administrative and Operating Expense Reimbursements

Premium Subsidy

Farmer Premiums

Premium Subsidies Calculated by the Crop Insurance Program in Columbia County, Florida

Premium Subsidies

YearPremium SubsidiesPolicies
1995$22,071111
1996$28,33464
1997$27,06364
1998$48,65379
1999$49,10790
2000$42,30587
2001$87,81987
2002$84,52683
2003$96,96169
2004$102,29561
2005$91,87659
2006$63,52754
2007$98,47358
2008$139,45259
2009$115,18362
2010$128,65853
2011$177,81272
2012$214,88791
2013$310,896111
2014$315,811123
2015$216,230115
2016$262,104124
2017$329,003109
1995-2017$3,053,0461,885

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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