Crop Insurance

Miami County, Indiana

Background Information

Total Costs

Indemnities

Administrative and Operating Expense Reimbursements

Premium Subsidy

Farmer Premiums

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

Indemnities

YearIndemnitiesPolicies
1995$81,601844
1996$114,668798
1997$50,089391
1998$73,041378
1999$924,847382
2000$457,790518
2001$172,583502
2002$852,895464
2003$384,155454
2004$697,143477
2005$68,283517
2006$119,668496
2007$271,844474
2008$3,679,308472
2009$442,211509
2010$238,597497
2011$2,490,092544
2012$7,155,119583
2013$1,906,376665
2014$2,231,364680
2015$5,517,603676
2016$950,760724
2017$1,634,971734
1995-2017$30,515,00812,779

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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