Background Information

Total Costs

Indemnities

Administrative and Operating Expense Reimbursements

Premium Subsidy

Farmer Premiums

Indemnities Paid to Farmers by the Crop Insurance Program in Delaware County, Indiana

Indemnities

YearIndemnitiesPolicies
1995$357,548857
1996$955,550827
1997$353,964586
1998$700,797582
1999$575,447608
2000$511,606647
2001$249,685603
2002$1,604,907586
2003$1,207,006597
2004$1,255,443598
2005$194,570616
2006$458,302579
2007$3,434,002585
2008$8,961,413591
2009$1,190,408655
2010$852,530644
2011$949,191658
2012$10,705,598700
2013$1,552,859724
2014$1,734,437755
2015$9,401,957777
2016$106,428769
2017$2,885,418779
1995-2017$50,199,06615,323

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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