Crop Insurance

Macon County, Georgia

Background Information

Total Costs

Indemnities

Administrative and Operating Expense Reimbursements

Premium Subsidy

Farmer Premiums

Administrative and Operating Expense Reimbursements Paid to Insurance Companies by the Crop Insurance Program in Macon County, Georgia

Administrative and Operating Expense Reimbursements

YearAdministrative and Operating Expense ReimbursementsPolicies
1995$237,925494
1996$248,977424
1997$244,586403
1998$242,553389
1999$300,797388
2000$354,996408
2001$321,343406
2002$272,612426
2003$326,196458
2004$365,148525
2005$294,163521
2006$340,210540
2007$277,729585
2008$391,397626
2009$341,397701
2010$342,261696
2011$349,899760
2012$334,084760
2013$262,023771
2014$305,320759
2015$307,296786
2016$322,981673
2017$351,913693
1995-2017$7,135,80113,192

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 1995-2017 is $14.6 billion.

 

Farm Subsidies Education

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