Crop Insurance

Miami County, Indiana

Background Information

Total Costs

Indemnities

Administrative and Operating Expense Reimbursements

Premium Subsidy

Farmer Premiums

Administrative and Operating Expense Reimbursements Paid to Insurance Companies by the Crop Insurance Program in Miami County, Indiana

Administrative and Operating Expense Reimbursements

YearAdministrative and Operating Expense ReimbursementsPolicies
1995$64,680844
1996$78,586798
1997$77,410391
1998$94,669378
1999$97,895382
2000$214,073518
2001$242,958502
2002$224,755464
2003$234,401454
2004$338,880477
2005$363,183517
2006$401,381496
2007$606,607474
2008$826,325472
2009$654,798509
2010$451,466497
2011$509,464544
2012$485,613583
2013$484,718665
2014$407,174680
2015$442,080676
2016$400,163724
2017$486,480734
2018$457,485753
1995-2018$8,645,24313,532

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.

 

Farm Subsidies Education

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