Background Information

Total Costs

Indemnities

Administrative and Operating Expense Reimbursements

Premium Subsidy

Farmer Premiums

Indemnities
CropIndemnities
1995-2018
Policies
Corn$71,083,28112,015
Wheat$51,127,11214,437
Grain Sorghum$29,439,85714,501
Cotton$6,990,0745,491
Sunflowers$3,578,1357,212
Soybeans$2,897,4385,039
Potatoes$2,303,861109
Miscellaneous Crops$294,53688
Silage Sorghum$270,0432,176
Pasture, Rangeland, Forage$144,38138
Barley$123,378390
Canola$97,96213
Popcorn$092
ciin_0158$06
1995-2018$168,350,05861,607

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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