Background Information

Total Costs

Indemnities

Administrative and Operating Expense Reimbursements

Premium Subsidy

Farmer Premiums

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

Total Costs (see methodology)

YearTotal Costs (see methodology)Policies
1995$50,496111
1996$17,84564
1997$1,18864
1998$39,96879
1999$-6,70390
2000$3,73887
2001$294,65687
2002$281,26083
2003$116,08469
2004$377,14661
2005$133,30559
2006$165,65554
2007$190,39958
2008$196,31259
2009$111,40462
2010$-7,39453
2011$-8,53472
2012$372,84791
2013$110,163111
2014$331,348123
2015$366,184115
2016$344,302124
2017$974,569109
1995-2017$4,456,2361,885

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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