Crop Insurance

Carroll County, Iowa

Background Information

Total Costs

Indemnities

Administrative and Operating Expense Reimbursements

Premium Subsidy

Farmer Premiums

Indemnities Paid to Farmers by the Crop Insurance Program in Carroll County, Iowa

Indemnities

YearIndemnitiesPolicies
1995$167,7992,636
1996$375,1592,716
1997$140,5202,214
1998$613,4622,183
1999$3,293,1562,182
2000$1,928,6932,295
2001$1,823,7852,260
2002$193,2112,176
2003$1,779,4882,091
2004$534,7332,042
2005$222,8851,996
2006$456,0021,959
2007$1,216,5651,959
2008$13,569,9132,002
2009$129,1242,062
2010$980,7342,042
2011$695,2812,035
2012$74,761,9132,093
2013$55,190,7882,219
2014$14,838,0412,209
2015$711,0352,209
2016$642,5942,197
2017$1,020,0332,169
1995-2017$175,284,91449,946

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 1995-2017 is $14.6 billion.

 

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