Crop Insurance

Grant County, Kansas

Background Information

Total Costs

Indemnities

Administrative and Operating Expense Reimbursements

Premium Subsidy

Farmer Premiums

Administrative and Operating Expense Reimbursements Paid to Insurance Companies by the Crop Insurance Program in Grant County, Kansas

Administrative and Operating Expense Reimbursements

YearAdministrative and Operating Expense ReimbursementsPolicies
1995$139,2262,075
1996$246,4032,074
1997$258,9941,503
1998$231,0941,370
1999$246,5351,327
2000$249,3341,345
2001$465,7051,464
2002$437,7991,527
2003$568,6181,851
2004$689,9742,057
2005$673,8992,140
2006$657,8292,209
2007$1,109,1612,299
2008$1,456,5992,329
2009$1,680,8732,393
2010$1,125,2362,393
2011$1,049,9412,476
2012$1,193,4172,563
2013$1,066,5942,606
2014$981,1512,633
2015$1,005,4322,685
2016$934,3932,627
2017$923,9662,568
2018$1,033,8812,594
1995-2018$18,426,05651,108

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.

 

Farm Subsidies Education

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