Background Information

Total Costs

Indemnities

Administrative and Operating Expense Reimbursements

Premium Subsidy

Farmer Premiums

Farmer Premiums in Kenton County, Kentucky

Farmer Premiums

YearFarmer PremiumsPolicies
1995$2,858350
1996$2,308153
1997$2,111102
1998$2,94958
1999$3,41564
2000$5,25267
2001$3,75143
2002$6,46232
2003$7,52728
2004$9,08927
2005$1,33716
2006$8,6239
2007$9,2134
2008$6,6516
2009$4,3935
2010$4,6176
2011$16,04315
2012$21,90920
2013$16,75122
2014$28,19225
2015$14,87524
2016$11,70315
2017$15,72716
2018$13,08612
1995-2018$236,8481,131

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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