Crop Insurance

Madison County, Idaho

Background Information

Total Costs

Indemnities

Administrative and Operating Expense Reimbursements

Premium Subsidy

Farmer Premiums

Farmer Premiums in Madison County, Idaho

Farmer Premiums

YearFarmer PremiumsPolicies
1995$167,617517
1996$250,448197
1997$302,002195
1998$177,142107
1999$473,924179
2000$299,919194
2001$595,555201
2002$302,824266
2003$312,223259
2004$349,161316
2005$394,642329
2006$404,081343
2007$356,140358
2008$563,309358
2009$922,347359
2010$471,227365
2011$506,015348
2012$303,808345
2013$356,024341
2014$395,365324
2015$473,071324
2016$584,836318
2017$441,054286
2018$408,716266
1995-2018$9,811,4507,095

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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