Background Information

Total Costs

Indemnities

Administrative and Operating Expense Reimbursements

Premium Subsidy

Farmer Premiums

Indemnities Paid to Farmers by the Crop Insurance Program in Effingham County, Georgia

Indemnities

YearIndemnitiesPolicies
1995$129,385150
1996$7,834145
1997$53,207115
1998$341,306120
1999$189,360140
2000$975,732150
2001$199,794124
2002$583,170108
2003$332,994146
2004$62,800189
2005$262,709190
2006$364,046198
2007$211,007195
2008$312,083192
2009$253,450190
2010$334,970195
2011$874,957203
2012$513,057207
2013$842,638215
2014$227,458198
2015$718,408209
2016$790,057207
2017$653,307199
1995-2017$9,233,7293,985

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.

 

Farm Subsidies Education

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