Crop Insurance

Kentucky

Background Information

Total Costs

Indemnities

Administrative and Operating Expense Reimbursements

Premium Subsidy

Farmer Premiums

Premium Subsidies
CropPremium Subsidies
1995-2017
Policies
Corn$429,429,740163,998
Soybeans$372,522,280145,205
Burley Tobacco$124,806,577207,265
Wheat$99,574,52756,555
Miscellaneous Crops$13,089,4499,438
Fire Cured Tobacco$12,746,81811,859
Tobacco$9,150,108113,381
Dark Air Tobacco$4,064,34514,247
Pasture, Rangeland, Forage$1,483,412626
Popcorn$1,471,9671,747
Grain Sorghum$1,206,6928,410
Whole Farm Revenue Protection$639,39320
Barley$624,3892,047
Canola$580,225204
GRP Soybeans$114,170266
GRP Corn$94,89488
Nursery (FG&C)$58,86126
Cotton$18,8656
Nursery (container)$301825
1995-2017$1,071,677,013736,213

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 1995-2017 is $14.6 billion.

 

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