Crop Insurance

Madison County, Idaho

Background Information

Total Costs

Indemnities

Administrative and Operating Expense Reimbursements

Premium Subsidy

Farmer Premiums

Total Costs (see methodology) of the Crop Insurance Program in Madison County, Idaho

Total Costs (see methodology)

YearTotal Costs (see methodology)Policies
1995$62,705517
1996$32,159197
1997$28,298195
1998$218,697107
1999$-216,686179
2000$-1,777194
2001$28,226201
2002$464,044266
2003$790,405259
2004$243,543316
2005$276,473329
2006$125,105343
2007$696,691358
2008$227,998358
2009$1,162,939359
2010$4,176365
2011$89,675348
2012$260,469345
2013$1,131,864341
2014$579,117324
2015$788,118324
2016$927,385318
2017$-52,464286
2018$-121,619266
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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