Crop Insurance

Dallas County, Iowa

Background Information

Total Costs

Indemnities

Administrative and Operating Expense Reimbursements

Premium Subsidy

Farmer Premiums

Farmer Premiums in Dallas County, Iowa

Farmer Premiums

YearFarmer PremiumsPolicies
1995$680,4472,339
1996$1,280,9402,304
1997$1,025,1551,942
1998$1,056,0941,881
1999$1,304,7601,818
2000$1,810,7041,845
2001$1,129,0261,783
2002$1,227,8071,731
2003$1,329,6471,726
2004$1,727,5901,724
2005$1,609,4021,682
2006$1,738,1511,629
2007$2,694,2171,594
2008$4,014,8511,593
2009$2,853,9961,658
2010$2,171,6421,637
2011$4,196,9111,623
2012$3,495,7661,662
2013$3,910,2361,744
2014$3,114,8751,703
2015$2,894,1891,684
2016$2,348,5921,626
2017$2,843,7221,576
2018$2,594,8221,517
1995-2018$55,692,01043,523

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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