Background Information

Total Costs

Indemnities

Administrative and Operating Expense Reimbursements

Premium Subsidy

Farmer Premiums

Farmer Premiums in Spencer County, Indiana

Farmer Premiums

YearFarmer PremiumsPolicies
1995$54,0961,032
1996$83,726927
1997$137,009338
1998$146,217310
1999$362,333367
2000$638,577463
2001$454,828471
2002$542,772453
2003$722,614521
2004$952,274575
2005$951,308590
2006$1,000,791578
2007$1,389,082570
2008$2,134,803599
2009$1,627,790678
2010$1,501,513665
2011$2,123,708689
2012$2,127,910676
2013$2,385,921717
2014$2,008,407732
2015$1,848,237728
2016$1,785,705717
2017$1,916,089707
1995-2017$26,895,71014,103

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.

 

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