Crop Insurance

Henry 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 Henry County, Iowa

Indemnities

YearIndemnitiesPolicies
1995$1,316,7381,848
1996$584,3861,759
1997$30,5331,576
1998$394,9481,523
1999$696,9081,450
2000$429,7461,447
2001$1,569,0471,395
2002$395,2751,365
2003$683,0611,288
2004$89,9721,252
2005$652,1251,252
2006$120,4921,228
2007$278,0421,234
2008$4,298,2231,259
2009$1,115,4361,312
2010$11,004,7601,282
2011$7,600,4131,309
2012$7,656,2791,333
2013$8,094,7031,368
2014$750,4211,340
2015$803,3701,347
2016$247,1691,333
2017$1,263,7421,325
1995-2017$50,075,78931,825

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.

 

Farm Subsidies Education

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