Background Information

Total Costs

Indemnities

Administrative and Operating Expense Reimbursements

Premium Subsidy

Farmer Premiums

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

Indemnities

YearIndemnitiesPolicies
1995$018
1996$8666
1997$05
1998$5,3375
1999$10,7665
2000$8,1325
2001$05
2002$14,9245
2003$05
2004$04
2005$06
2006$287
2007$13,1915
2008$13,2855
2009$1856
2010$06
2011$05
2012$6,3095
2013$4094
2014$16,2327
2015$30,7847
2016$118,9367
2017$25,5356
2018$06
1995-2018$264,919145

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

AgMag