Background Information

Total Costs

Indemnities

Administrative and Operating Expense Reimbursements

Premium Subsidy

Farmer Premiums

Indemnities Paid to Farmers by the Crop Insurance Program in Kenton County, Kentucky

Indemnities

YearIndemnitiesPolicies
1995$7,612350
1996$21,759153
1997$1,769102
1998$2,08658
1999$3,11864
2000$067
2001$043
2002$27,17232
2003$24,97328
2004$17227
2005$016
2006$60,1499
2007$97,3604
2008$36,9886
2009$37,2785
2010$74,2396
2011$64,88015
2012$161,16320
2013$68,37122
2014$195,56925
2015$171,02724
2016$76,36315
2017$23,94416
2018$111,72612
1995-2018$1,342,6491,131

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.

 

Farm Subsidies Education

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