Crop Insurance

Macon County, Georgia

Background Information

Total Costs

Indemnities

Administrative and Operating Expense Reimbursements

Premium Subsidy

Farmer Premiums

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

Total Costs (see methodology)

YearTotal Costs (see methodology)Policies
1995$1,353,493494
1996$847,216424
1997$670,615403
1998$1,102,879389
1999$1,611,494388
2000$1,961,806408
2001$536,753406
2002$1,696,136426
2003$24,969458
2004$901,613525
2005$583,720521
2006$1,818,920540
2007$2,236,307585
2008$1,213,996626
2009$975,928701
2010$1,592,456696
2011$1,922,199760
2012$-34,191760
2013$716,420771
2014$595,797759
2015$723,031786
2016$984,825673
2017$2,056,260693
1995-2017$26,092,64613,192

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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