Crop Insurance

Bacon County, Georgia

Background Information

Total Costs

Indemnities

Administrative and Operating Expense Reimbursements

Premium Subsidy

Farmer Premiums

Farmer Premiums
CropFarmer Premiums
1995-2018
Policies
Cotton$7,547,0502,660
Blueberries$4,672,7591,348
Peanuts$1,588,4561,701
Flue Cured Tobacco$1,095,1721,103
Corn$467,1402,434
Miscellaneous Crops$222,27997
Soybeans$177,7271,981
Wheat$176,929373
Tobacco$39,548208
Pasture, Rangeland, Forage$36,00223
Pecans$16,89054
Grain Sorghum$4,382137
Oats$048
Onions$04
1995-2018$16,044,33412,171

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.

 

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