Crop Insurance

Miami County, Indiana

Background Information

Total Costs

Indemnities

Administrative and Operating Expense Reimbursements

Premium Subsidy

Farmer Premiums

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

Total Costs (see methodology)

YearTotal Costs (see methodology)Policies
1995$35,423844
1996$11,895798
1997$-69,934391
1998$-102,166378
1999$571,435382
2000$-357,166518
2001$-134,085502
2002$579,104464
2003$112,001454
2004$298,731477
2005$-350,252517
2006$-340,582496
2007$-517,116474
2008$2,506,716472
2009$-686,182509
2010$-466,998497
2011$909,167544
2012$5,924,662583
2013$488,310665
2014$1,249,928680
2015$4,563,685676
2016$112,556724
2017$568,101734
1995-2017$14,907,23212,779

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

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