Background Information

Total Costs

Indemnities

Administrative and Operating Expense Reimbursements

Premium Subsidy

Farmer Premiums

Premium Subsidies Calculated by the Crop Insurance Program in Kenton County, Kentucky

Premium Subsidies

YearPremium SubsidiesPolicies
1995$10,568350
1996$17,929153
1997$12,042102
1998$4,76958
1999$6,59264
2000$4,61367
2001$5,31543
2002$8,61032
2003$9,82428
2004$11,63527
2005$1,65016
2006$10,6019
2007$11,3534
2008$8,3806
2009$5,3995
2010$5,6966
2011$19,91215
2012$27,12820
2013$21,92722
2014$35,37325
2015$18,34724
2016$15,10015
2017$19,28516
2018$15,99312
1995-2018$329,7841,131

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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