Background Information

Total Costs

Indemnities

Administrative and Operating Expense Reimbursements

Premium Subsidy

Farmer Premiums

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

Indemnities

YearIndemnitiesPolicies
1995$114,731585
1996$37,074411
1997$87,117213
1998$145,396200
1999$293,892287
2000$132,234385
2001$85,795394
2002$444,348365
2003$342,091355
2004$188,574339
2005$98,668318
2006$101,802297
2007$477,695312
2008$663,277333
2009$722,230343
2010$1,923,131332
2011$1,630,402344
2012$8,467,995338
2013$897,934384
2014$791,186401
2015$563,777411
2016$467,042421
2017$509,700432
1995-2017$19,186,0918,200

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.

 

Farm Subsidies Education

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