Background Information

Total Costs

Indemnities

Administrative and Operating Expense Reimbursements

Premium Subsidy

Farmer Premiums

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

Indemnities

YearIndemnitiesPolicies
1995$73,6811,121
1996$127,753817
1997$270,686542
1998$243,204454
1999$606,381455
2000$498,502499
2001$88,459493
2002$621,725424
2003$386,806400
2004$233,595386
2005$360,376303
2006$196,044252
2007$697,659232
2008$1,252,753285
2009$1,061,386307
2010$1,553,482273
2011$670,743319
2012$2,857,704343
2013$447,459400
2014$1,472,185435
2015$1,171,488436
2016$1,245,100428
2017$1,046,749422
2018$941,765398
1995-2018$18,125,68510,424

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.

 

Farm Subsidies Education

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