Crop Insurance

Sioux County, Iowa

Background Information

Total Costs

Indemnities

Administrative and Operating Expense Reimbursements

Premium Subsidy

Farmer Premiums

Premium Subsidies Calculated by the Crop Insurance Program in Sioux County, Iowa

Premium Subsidies

YearPremium SubsidiesPolicies
1995$757,4763,520
1996$958,1623,306
1997$771,3732,781
1998$851,7032,760
1999$792,8862,708
2000$786,8832,924
2001$2,265,0192,825
2002$2,127,7492,790
2003$2,376,0972,763
2004$3,161,9182,715
2005$2,578,2382,678
2006$2,851,8142,619
2007$5,208,9462,607
2008$8,557,0202,672
2009$6,614,9852,783
2010$5,175,9232,731
2011$8,851,9432,738
2012$8,138,1752,771
2013$8,260,1262,873
2014$5,956,1762,880
2015$6,320,0562,916
2016$5,249,4272,927
2017$6,314,1942,905
2018$5,741,9902,862
1995-2018$100,668,27968,054

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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