Background Information

Total Costs

Indemnities

Administrative and Operating Expense Reimbursements

Premium Subsidy

Farmer Premiums

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

Total Costs (see methodology)

YearTotal Costs (see methodology)Policies
1995$822,741408
1996$110,452349
1997$515,800307
1998$1,268,509307
1999$2,253,694378
2000$767,750403
2001$441,734440
2002$1,768,497421
2003$868,758463
2004$2,412,257548
2005$1,417,983620
2006$1,582,573660
2007$924,379651
2008$1,235,792636
2009$3,337,265684
2010$807,228648
2011$832,523633
2012$279,540657
2013$1,888,585648
2014$1,079,903606
2015$1,115,517628
2016$2,109,520612
2017$3,427,737643
2018$2,877,717631
1995-2018$34,146,45512,981

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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