Crop Insurance

Miami County, Indiana

Background Information

Total Costs

Indemnities

Administrative and Operating Expense Reimbursements

Premium Subsidy

Farmer Premiums

Farmer Premiums in Miami County, Indiana

Farmer Premiums

YearFarmer PremiumsPolicies
1995$126,882844
1996$189,661798
1997$208,193391
1998$284,909378
1999$344,610382
2000$836,229518
2001$556,471502
2002$518,773464
2003$531,365454
2004$772,206477
2005$820,959517
2006$894,592496
2007$1,430,983474
2008$2,034,986472
2009$1,801,369509
2010$1,183,073497
2011$2,121,786544
2012$1,753,744583
2013$1,917,692665
2014$1,416,278680
2015$1,431,499676
2016$1,271,143724
2017$1,588,491734
1995-2017$24,035,89412,779

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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