Background Information

Total Costs

Indemnities

Administrative and Operating Expense Reimbursements

Premium Subsidy

Farmer Premiums

Premium Subsidies Calculated by the Crop Insurance Program in Steuben County, Indiana

Premium Subsidies

YearPremium SubsidiesPolicies
1995$120,125399
1996$45,343191
1997$26,77690
1998$40,080100
1999$34,43199
2000$47,562111
2001$183,248130
2002$189,184129
2003$302,348187
2004$490,438233
2005$616,233243
2006$738,839245
2007$1,173,911239
2008$2,210,035254
2009$1,870,902309
2010$1,444,332311
2011$2,542,989326
2012$2,087,326337
2013$2,171,447383
2014$1,437,700395
2015$1,288,826387
2016$1,098,115375
2017$1,323,463367
2018$1,255,314380
1995-2018$22,738,9676,220

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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