Background Information

Total Costs

Indemnities

Administrative and Operating Expense Reimbursements

Premium Subsidy

Farmer Premiums

Farmer Premiums in Lumpkin County, Georgia

Farmer Premiums

YearFarmer PremiumsPolicies
1995$018
1996$06
1997$05
1998$1685
1999$5625
2000$6345
2001$7415
2002$8815
2003$8475
2004$1,1084
2005$9566
2006$7577
2007$1,0565
2008$1,9895
2009$1,7286
2010$1,8566
2011$1,8815
2012$1,9785
2013$2,3654
2014$8,6807
2015$9,2417
2016$17,8547
2017$15,2956
2018$13,8866
1995-2018$84,463145

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.

 

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