Crop Insurance

Macon County, Georgia

Background Information

Total Costs

Indemnities

Administrative and Operating Expense Reimbursements

Premium Subsidy

Farmer Premiums

Farmer Premiums in Macon County, Georgia

Farmer Premiums

YearFarmer PremiumsPolicies
1995$393,162494
1996$411,241424
1997$386,393403
1998$438,173389
1999$755,024388
2000$959,930408
2001$541,931406
2002$458,671426
2003$574,472458
2004$638,694525
2005$519,964521
2006$616,274540
2007$518,089585
2008$746,305626
2009$727,704701
2010$712,367696
2011$1,151,596760
2012$990,314760
2013$847,274771
2014$834,266759
2015$800,765786
2016$785,155673
2017$890,696693
1995-2017$15,698,46013,192

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.

 

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