Crop Insurance

Miami County, Indiana

Background Information

Total Costs

Indemnities

Administrative and Operating Expense Reimbursements

Premium Subsidy

Farmer Premiums

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

Premium Subsidies

YearPremium SubsidiesPolicies
1995$137,267844
1996$118,350798
1997$105,154391
1998$114,802378
1999$105,997382
2000$146,196518
2001$561,618502
2002$524,626464
2003$560,842454
2004$816,371477
2005$900,886517
2006$1,016,157496
2007$1,548,528474
2008$2,002,896472
2009$1,814,546509
2010$1,314,743497
2011$2,353,212544
2012$2,088,640583
2013$2,130,311665
2014$1,542,938680
2015$1,579,444676
2016$1,308,384724
2017$1,715,663734
1995-2017$24,507,57112,779

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.

 

Farm Subsidies Education

AgMag