Background Information

Total Costs

Indemnities

Administrative and Operating Expense Reimbursements

Premium Subsidy

Farmer Premiums

Farmer Premiums in Effingham County, Georgia

Farmer Premiums

YearFarmer PremiumsPolicies
1995$34,528150
1996$62,367145
1997$54,365115
1998$88,364120
1999$142,294140
2000$178,663150
2001$103,647124
2002$102,395108
2003$114,849146
2004$114,929189
2005$108,259190
2006$122,105198
2007$122,418195
2008$179,961192
2009$157,387190
2010$150,666195
2011$219,710203
2012$244,965207
2013$214,496215
2014$234,508198
2015$213,063209
2016$217,801207
2017$293,806199
1995-2017$3,475,5463,985

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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