Crop Insurance

Indiana

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
Corn$2,190,870,728624,897
Soybeans$588,423,446604,371
Wheat$56,724,990134,881
Popcorn$24,667,56412,324
Miscellaneous Crops$21,981,3856,933
Hybrid Corn Seed$15,087,05117,565
Burley Tobacco$14,950,3637,220
Mint$3,283,431577
Grain Sorghum$1,792,9769,910
GRP Corn$1,482,6611,597
Whole Farm Revenue Protection$1,209,05186
Tomatoes$1,091,174950
Potatoes$747,72594
Tobacco$618,6724,497
GRP Soybeans$475,3171,484
Cucumbers$365,72219
Processing Beans$349,816443
Pasture, Rangeland, Forage$120,306273
Barley$3,954185
Oats$20885
Nursery (container)$08
Income Protection Corn$-1,01222
1995-2018$2,924,245,5281,428,421

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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