Background Information

Total Costs

Indemnities

Administrative and Operating Expense Reimbursements

Premium Subsidy

Farmer Premiums

Premium Subsidies Calculated by the Crop Insurance Program in Pierce County, Georgia

Premium Subsidies

YearPremium SubsidiesPolicies
1995$288,383408
1996$296,256349
1997$305,925307
1998$336,519307
1999$385,256378
2000$406,766403
2001$614,006440
2002$537,903421
2003$566,320463
2004$651,168548
2005$603,888620
2006$683,377660
2007$729,785651
2008$968,412636
2009$899,381684
2010$1,077,336648
2011$1,610,338633
2012$1,351,550657
2013$1,315,452648
2014$1,300,015606
2015$1,100,829628
2016$1,335,168612
2017$1,562,399643
2018$1,904,195631
1995-2018$20,830,62712,981

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.

 

Farm Subsidies Education

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