Background Information

Total Costs

Indemnities

Administrative and Operating Expense Reimbursements

Premium Subsidy

Farmer Premiums

Total Costs (see methodology) of the Crop Insurance Program in Lumpkin County, Georgia

Total Costs (see methodology)

YearTotal Costs (see methodology)Policies
1995$75718
1996$1,2516
1997$3665
1998$5,6865
1999$10,4515
2000$7,9345
2001$4655
2002$16,9025
2003$2,0175
2004$-2244
2005$-2186
2006$-1797
2007$12,7645
2008$12,4245
2009$-7016
2010$-9306
2011$-1,3475
2012$5,1875
2013$-8324
2014$10,4987
2015$24,8917
2016$107,3667
2017$15,1696
2018$-9,1456
1995-2018$220,551145

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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