Crop Insurance

Madison County, Idaho

Background Information

Total Costs

Indemnities

Administrative and Operating Expense Reimbursements

Premium Subsidy

Farmer Premiums

Total Costs (see methodology)
CropTotal Costs (see methodology)
1995-2018
Policies
Potatoes$2,870,2022,298
Wheat$2,542,7172,245
Barley$1,594,1502,374
Whole Farm Revenue Protection$716,71659
Miscellaneous Crops$56,45164
Corn$47140
Nursery (FG&C)$1516
Pasture, Rangeland, Forage$-7,6764
Adjusted Gross Revenue-lite$-27,6405
1995-2018$7,745,5437,095

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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