Crop Insurance

Illinois

Background Information

Total Costs

Indemnities

Administrative and Operating Expense Reimbursements

Premium Subsidy

Farmer Premiums

Premium Subsidies
CropPremium Subsidies
1995-2017
Policies
Corn$3,583,320,1541,530,164
Soybeans$1,630,063,8221,458,970
Wheat$144,064,764304,349
Hybrid Corn Seed$61,549,65245,429
Miscellaneous Crops$26,315,6176,112
Grain Sorghum$8,976,03880,551
Nursery (FG&C)$5,060,165442
Popcorn$4,618,8267,801
Peaches$2,626,855577
Sweet Corn$1,781,0443,993
Apples$1,485,987354
Pumpkins$1,480,7901,667
Green Peas$1,277,6953,167
Forage Production$1,270,5271,922
Processing Beans$909,2651,895
Whole Farm Revenue Protection$843,80348
Rice$534,96966
Income Protection Corn$411,5001,016
Pasture, Rangeland, Forage$320,742138
GRP Corn$174,192248
Oats$122,2644,257
GRP Soybeans$84,957342
Adjusted Gross Revenue-lite$78,4878
Burley Tobacco$40,7484
Canola$25,6118
Nursery (container)$11,8215
Barley$6,58313
1995-2017$5,477,456,8783,453,546

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 1995-2017 is $14.6 billion.

 

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