Background Information

Total Costs

Indemnities

Administrative and Operating Expense Reimbursements

Premium Subsidy

Farmer Premiums

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

Premium Subsidies

YearPremium SubsidiesPolicies
1995$261,460367
1996$256,518254
1997$229,571223
1998$232,205214
1999$196,239234
2000$229,787253
2001$285,612238
2002$277,367259
2003$309,598243
2004$318,392265
2005$278,685273
2006$294,279267
2007$311,618263
2008$351,526289
2009$375,944309
2010$366,210307
2011$667,118322
2012$650,199372
2013$583,420399
2014$457,708391
2015$521,609453
2016$446,935414
2017$488,166406
2018$524,930404
1995-2018$8,915,0967,419

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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