Background Information

Total Costs

Indemnities

Administrative and Operating Expense Reimbursements

Premium Subsidy

Farmer Premiums

Total Costs (see methodology) of the Crop Insurance Program in Logan County, Kentucky

Total Costs (see methodology)

YearTotal Costs (see methodology)Policies
1995$14,8662,564
1996$-41,2971,605
1997$-9,598816
1998$306,792727
1999$1,606,807878
2000$463,3401,109
2001$-58,1421,030
2002$714,141976
2003$-54,817939
2004$164,343856
2005$115,710781
2006$-163,608754
2007$13,088,932747
2008$4,290,512848
2009$3,002,580938
2010$5,393,401908
2011$1,269,909964
2012$27,157,9871,001
2013$-344,1851,063
2014$11,199,5201,081
2015$-354,5311,129
2016$1,951,8651,110
2017$14,2051,170
2018$499,8341,181
1995-2018$70,228,56725,175

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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