Crop Insurance

Lamar County, Georgia

Background Information

Total Costs

Indemnities

Administrative and Operating Expense Reimbursements

Premium Subsidy

Farmer Premiums

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

Total Costs (see methodology)

YearTotal Costs (see methodology)Policies
1995$7,91320
1996$-9510
1997$5,78211
1998$00
1999$4,17810
2000$107,15512
2001$-4,95113
2002$31,17613
2003$8,31316
2004$13,55613
2005$13,75513
2006$19,40714
2007$54,87216
2008$14,71518
2009$7,84221
2010$6,01620
2011$114,30218
2012$-15,89923
2013$75,89529
2014$-9,78727
2015$21,32918
2016$122,91218
2017$28,37522
2018$27,62623
1995-2018$772,845424

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.

 

Farm Subsidies Education

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