Background Information

Total Costs

Indemnities

Administrative and Operating Expense Reimbursements

Premium Subsidy

Farmer Premiums

Farmer Premiums in Tipton County, Indiana

Farmer Premiums

YearFarmer PremiumsPolicies
1995$205,161934
1996$387,964633
1997$299,857462
1998$411,269455
1999$340,931478
2000$606,149502
2001$433,121478
2002$416,246470
2003$421,967429
2004$447,862340
2005$603,394373
2006$985,554396
2007$1,398,951378
2008$1,951,567401
2009$1,244,263456
2010$1,076,585454
2011$1,629,784488
2012$1,202,051455
2013$1,351,347508
2014$1,058,566518
2015$956,138496
2016$922,284533
2017$1,185,287543
2018$1,104,419554
1995-2018$21,664,76112,332

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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