Background Information

Total Costs

Indemnities

Administrative and Operating Expense Reimbursements

Premium Subsidy

Farmer Premiums

Indemnities Paid to Farmers by the Crop Insurance Program in Spencer County, Indiana

Indemnities

YearIndemnitiesPolicies
1995$165,7981,032
1996$64,887927
1997$159,262338
1998$349,639310
1999$767,065367
2000$157,252463
2001$121,206471
2002$2,772,052453
2003$2,368,937521
2004$2,385,915575
2005$664,099590
2006$789,819578
2007$952,237570
2008$3,261,829599
2009$912,227678
2010$1,413,950665
2011$1,999,140689
2012$18,788,277676
2013$1,320,974717
2014$1,060,341732
2015$969,556728
2016$2,166,864717
2017$297,581707
1995-2017$43,908,90714,103

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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