Background Information

Total Costs

Indemnities

Administrative and Operating Expense Reimbursements

Premium Subsidy

Farmer Premiums

Farmer Premiums in Pulaski County, Indiana

Farmer Premiums

YearFarmer PremiumsPolicies
1995$429,2411,476
1996$608,4981,441
1997$562,870907
1998$710,541902
1999$1,029,758900
2000$1,703,8691,002
2001$905,799978
2002$898,618902
2003$973,378896
2004$1,161,185874
2005$1,111,988834
2006$1,391,419834
2007$2,258,902806
2008$3,322,730798
2009$2,305,947792
2010$1,891,996784
2011$3,327,776822
2012$2,932,226813
2013$3,026,145871
2014$2,413,071847
2015$2,352,702835
2016$2,280,905860
2017$2,595,007847
2018$2,505,869868
1995-2018$42,700,44021,889

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.

 

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