Background Information

Total Costs

Indemnities

Administrative and Operating Expense Reimbursements

Premium Subsidy

Farmer Premiums

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

Indemnities

YearIndemnitiesPolicies
1995$739,081934
1996$223,575633
1997$176,022462
1998$339,468455
1999$60,967478
2000$224,099502
2001$86,163478
2002$533,612470
2003$1,014,666429
2004$857,347340
2005$231,642373
2006$29,575396
2007$26,459378
2008$1,739,430401
2009$213,391456
2010$294,107454
2011$1,275,188488
2012$1,161,456455
2013$1,202,734508
2014$587,964518
2015$1,778,089496
2016$199,267533
2017$1,158,483543
2018$208,358554
1995-2018$16,882,11012,332

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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