Background Information

Total Costs

Indemnities

Administrative and Operating Expense Reimbursements

Premium Subsidy

Farmer Premiums

Farmer Premiums in Pierce County, Georgia

Farmer Premiums

YearFarmer PremiumsPolicies
1995$113,273408
1996$185,290349
1997$208,813307
1998$266,041307
1999$479,955378
2000$602,013403
2001$409,615440
2002$347,547421
2003$374,076463
2004$428,260548
2005$401,426620
2006$467,480660
2007$499,374651
2008$663,168636
2009$612,589684
2010$735,865648
2011$1,026,426633
2012$866,481657
2013$867,558648
2014$863,747606
2015$750,233628
2016$899,666612
2017$1,065,558643
2018$1,290,542631
1995-2018$14,424,99612,981

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.

 

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