Background Information

Total Costs

Indemnities

Administrative and Operating Expense Reimbursements

Premium Subsidy

Farmer Premiums

Total Costs (see methodology) of the Crop Insurance Program in Effingham County, Georgia

Total Costs (see methodology)

YearTotal Costs (see methodology)Policies
1995$148,068150
1996$-7,478145
1997$41,226115
1998$303,195120
1999$55,661140
2000$817,933150
2001$159,454124
2002$541,928108
2003$288,696146
2004$18,502189
2005$220,268190
2006$314,783198
2007$159,594195
2008$235,645192
2009$174,575190
2010$276,451195
2011$740,502203
2012$367,411207
2013$707,046215
2014$86,221198
2015$621,191209
2016$686,542207
2017$503,756199
1995-2017$7,461,1713,985

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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