Background Information

Total Costs

Indemnities

Administrative and Operating Expense Reimbursements

Premium Subsidy

Farmer Premiums

Premium Subsidies Calculated by the Crop Insurance Program in Effingham County, Georgia

Premium Subsidies

YearPremium SubsidiesPolicies
1995$139,635150
1996$104,444145
1997$96,262115
1998$94,739120
1999$97,486140
2000$100,764150
2001$179,382124
2002$158,025108
2003$180,957146
2004$185,245189
2005$173,359190
2006$198,344198
2007$207,098195
2008$304,749192
2009$264,461190
2010$331,375195
2011$485,675203
2012$484,315207
2013$424,792215
2014$400,221198
2015$517,294209
2016$463,133207
2017$619,965199
1995-2017$6,211,7203,985

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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