Background Information

Total Costs

Indemnities

Administrative and Operating Expense Reimbursements

Premium Subsidy

Farmer Premiums

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

Premium Subsidies

YearPremium SubsidiesPolicies
1995$2,47818
1996$1,3666
1997$1,2995
1998$1,7175
1999$1,3215
2000$1,9015
2001$4,6415
2002$11,2895
2003$10,9725
2004$2,6504
2005$2,2006
2006$1,6647
2007$1,8635
2008$3,2925
2009$2,9196
2010$3,2676
2011$2,8095
2012$4,7935
2013$7,0204
2014$12,7317
2015$13,5627
2016$22,6527
2017$18,1816
2018$16,6266
1995-2018$153,213145

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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