Crop Insurance

Linn County, Iowa

Background Information

Total Costs

Indemnities

Administrative and Operating Expense Reimbursements

Premium Subsidy

Farmer Premiums

Farmer Premiums in Linn County, Iowa

Farmer Premiums

YearFarmer PremiumsPolicies
1995$759,4912,462
1996$1,207,3722,352
1997$985,1942,037
1998$1,081,8841,974
1999$1,352,7431,900
2000$1,630,9081,948
2001$964,8061,891
2002$973,5411,807
2003$1,017,7101,757
2004$1,415,3351,725
2005$1,289,1611,715
2006$1,650,2021,707
2007$2,657,9961,697
2008$4,157,3231,751
2009$3,251,7741,854
2010$2,480,0821,792
2011$4,074,8961,811
2012$3,494,3121,849
2013$4,025,7701,932
2014$3,263,9401,981
2015$3,242,2891,972
2016$2,520,6641,944
2017$3,010,0571,929
2018$2,657,8251,894
1995-2018$55,703,52747,546

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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