Background Information

Total Costs

Indemnities

Administrative and Operating Expense Reimbursements

Premium Subsidy

Farmer Premiums

Farmer Premiums in Shelby County, Indiana

Farmer Premiums

YearFarmer PremiumsPolicies
1995$176,9411,455
1996$255,9121,065
1997$278,416602
1998$380,521623
1999$751,218695
2000$1,578,811853
2001$893,692830
2002$864,515808
2003$1,054,279821
2004$1,287,057796
2005$1,188,877806
2006$1,460,084768
2007$2,146,052775
2008$3,989,568832
2009$3,078,463908
2010$2,460,375908
2011$3,937,348924
2012$3,677,356975
2013$4,246,0881,178
2014$3,423,2281,168
2015$3,247,0771,166
2016$3,194,2101,177
2017$3,681,1821,164
2018$3,474,3561,125
1995-2018$50,725,62622,422

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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