Background Information

Total Costs

Indemnities

Administrative and Operating Expense Reimbursements

Premium Subsidy

Farmer Premiums

Farmer Premiums in Union County, Illinois

Farmer Premiums

YearFarmer PremiumsPolicies
1995$57,228291
1996$41,930265
1997$38,344170
1998$28,182160
1999$63,152198
2000$88,708225
2001$117,868210
2002$90,353199
2003$109,434196
2004$132,911207
2005$160,885212
2006$151,004211
2007$254,968207
2008$381,229223
2009$400,782259
2010$433,522269
2011$775,093290
2012$708,196286
2013$957,222339
2014$812,926343
2015$931,006357
2016$843,750358
2017$839,914332
1995-2017$8,418,6075,807

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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