Background Information

Total Costs

Indemnities

Administrative and Operating Expense Reimbursements

Premium Subsidy

Farmer Premiums

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

Premium Subsidies

YearPremium SubsidiesPolicies
1995$173,832934
1996$231,611633
1997$183,931462
1998$224,705455
1999$162,514478
2000$182,473502
2001$439,570478
2002$428,952470
2003$458,367429
2004$492,769340
2005$680,690373
2006$1,152,781396
2007$1,590,685378
2008$1,887,393401
2009$1,455,542456
2010$1,277,903454
2011$1,990,642488
2012$1,617,763455
2013$1,713,130508
2014$1,385,413518
2015$1,300,180496
2016$1,202,512533
2017$1,541,532543
2018$1,356,212554
1995-2018$24,466,47712,332

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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