Background Information

Total Costs

Indemnities

Administrative and Operating Expense Reimbursements

Premium Subsidy

Farmer Premiums

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

Indemnities

YearIndemnitiesPolicies
1995$47,408367
1996$64,004254
1997$180,508223
1998$523,294214
1999$448,234234
2000$442,690253
2001$500,728238
2002$379,105259
2003$183,276243
2004$787,785265
2005$741,650273
2006$248,125267
2007$256,986263
2008$412,988289
2009$433,867309
2010$376,992307
2011$763,739322
2012$357,473372
2013$369,051399
2014$784,128391
2015$181,529453
2016$544,635414
2017$1,199,054406
2018$711,347404
1995-2018$10,938,5967,419

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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