Background Information

Total Costs

Indemnities

Administrative and Operating Expense Reimbursements

Premium Subsidy

Farmer Premiums

Premium Subsidies Calculated by the Crop Insurance Program in Stevens County, Kansas

Premium Subsidies

YearPremium SubsidiesPolicies
1995$500,5821,979
1996$670,3542,126
1997$656,2271,582
1998$643,4161,628
1999$591,9791,623
2000$569,7011,704
2001$2,199,7061,888
2002$2,370,6342,076
2003$2,470,0952,597
2004$3,007,0362,762
2005$2,719,3642,888
2006$2,938,4652,868
2007$4,909,4062,959
2008$6,323,8982,958
2009$6,280,6292,980
2010$4,949,3232,892
2011$7,540,8362,915
2012$7,689,1843,052
2013$7,186,9333,030
2014$5,702,0983,076
2015$5,339,3653,084
2016$4,553,4852,990
2017$4,887,7812,984
2018$5,047,7332,966
1995-2018$89,748,23061,607

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.

 

Farm Subsidies Education

AgMag