Background Information

Total Costs

Indemnities

Administrative and Operating Expense Reimbursements

Premium Subsidy

Farmer Premiums

Premium Subsidies Calculated by the Crop Insurance Program in Delaware County, Indiana

Premium Subsidies

YearPremium SubsidiesPolicies
1995$226,583857
1996$265,127827
1997$187,667586
1998$246,962582
1999$219,590608
2000$237,803647
2001$726,571603
2002$678,688586
2003$780,279597
2004$1,050,017598
2005$1,184,098616
2006$1,348,770579
2007$2,147,843585
2008$3,278,354591
2009$2,923,485655
2010$2,159,815644
2011$3,854,417658
2012$2,973,710700
2013$2,999,532724
2014$2,256,320755
2015$2,265,500777
2016$2,002,831769
2017$2,381,200779
1995-2017$36,395,16215,323

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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