Background Information

Total Costs

Indemnities

Administrative and Operating Expense Reimbursements

Premium Subsidy

Farmer Premiums

Farmer Premiums in Carroll County, Kentucky

Farmer Premiums

YearFarmer PremiumsPolicies
1995$14,516454
1996$13,441192
1997$18,80473
1998$22,46750
1999$24,21486
2000$19,61784
2001$14,59560
2002$14,49153
2003$23,46957
2004$29,51658
2005$19,54644
2006$24,58140
2007$46,68534
2008$74,87537
2009$76,29936
2010$93,95066
2011$126,73876
2012$125,77280
2013$106,66875
2014$84,02575
2015$64,29069
2016$95,33376
2017$96,40874
1995-2017$1,230,3001,949

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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