Background Information

Total Costs

Indemnities

Administrative and Operating Expense Reimbursements

Premium Subsidy

Farmer Premiums

Total Costs (see methodology) of the Crop Insurance Program in Delaware County, Indiana

Total Costs (see methodology)

YearTotal Costs (see methodology)Policies
1995$289,765857
1996$815,258827
1997$166,885586
1998$417,729582
1999$-109,059608
2000$-559,171647
2001$-129,399603
2002$1,274,311586
2003$815,304597
2004$726,546598
2005$-378,977616
2006$-190,855579
2007$2,369,758585
2008$7,086,778591
2009$-475,079655
2010$-261,429644
2011$-1,712,941658
2012$9,129,522700
2013$-307,380724
2014$499,291755
2015$8,202,392777
2016$-889,821769
2017$1,677,245779
1995-2017$28,456,66915,323

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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