Background Information

Total Costs

Indemnities

Administrative and Operating Expense Reimbursements

Premium Subsidy

Farmer Premiums

Farmer Premiums in Steuben County, Indiana

Farmer Premiums

YearFarmer PremiumsPolicies
1995$7,515399
1996$9,290191
1997$27,72290
1998$55,997100
1999$75,00999
2000$158,585111
2001$132,785130
2002$154,935129
2003$269,250187
2004$423,896233
2005$519,511243
2006$634,468245
2007$1,010,234239
2008$2,371,625254
2009$2,201,311309
2010$1,628,562311
2011$2,863,122326
2012$2,297,963337
2013$2,452,953383
2014$1,578,296395
2015$1,400,579387
2016$1,170,434375
2017$1,323,886367
2018$1,223,374380
1995-2018$25,180,4776,579

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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