Background Information

Total Costs

Indemnities

Administrative and Operating Expense Reimbursements

Premium Subsidy

Farmer Premiums

Farmer Premiums in Mason County, Kentucky

Farmer Premiums

YearFarmer PremiumsPolicies
1995$64,2071,121
1996$77,446817
1997$87,519542
1998$95,161454
1999$107,860455
2000$112,516499
2001$82,135493
2002$80,172424
2003$109,151400
2004$122,250386
2005$102,994303
2006$121,710252
2007$175,772232
2008$318,649285
2009$302,371307
2010$266,110273
2011$393,854319
2012$452,858343
2013$420,989400
2014$449,585435
2015$416,172436
2016$475,718428
2017$536,678422
2018$560,958398
1995-2018$5,932,83510,424

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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