Crop Insurance

Madison County, Idaho

Background Information

Total Costs

Indemnities

Administrative and Operating Expense Reimbursements

Premium Subsidy

Farmer Premiums

Indemnities Paid to Farmers by the Crop Insurance Program in Madison County, Idaho

Indemnities

YearIndemnitiesPolicies
1995$54,767517
1996$148,795197
1997$192,925195
1998$286,658107
1999$221,297179
2000$222,478194
2001$289,758201
2002$520,466266
2003$845,493259
2004$312,413316
2005$373,305329
2006$217,922343
2007$776,421358
2008$400,002358
2009$1,623,671359
2010$189,433365
2011$403,498348
2012$395,471345
2013$1,318,674341
2014$775,826324
2015$1,044,920324
2016$1,204,234318
2017$148,161286
2018$57,593266
1995-2018$12,024,1817,095

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.

 

Farm Subsidies Education

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