Background Information

Total Costs

Indemnities

Administrative and Operating Expense Reimbursements

Premium Subsidy

Farmer Premiums

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

Total Costs (see methodology)

YearTotal Costs (see methodology)Policies
1995$480,6091,476
1996$349,5551,441
1997$-253,255907
1998$-242,312902
1999$273,698900
2000$-942,8541,002
2001$27,375978
2002$327,967902
2003$2,015,673896
2004$-287,191874
2005$-131,385834
2006$-435,807834
2007$-938,774806
2008$1,222,554798
2009$2,560,293792
2010$-778,661784
2011$2,441,022822
2012$15,727,903813
2013$2,504,366871
2014$4,224,356847
2015$20,625,497835
2016$-97,684860
2017$-1,073,744847
2018$759,840868
1995-2018$48,359,04221,889

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.

 

Farm Subsidies Education

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