Background Information

Total Costs

Indemnities

Administrative and Operating Expense Reimbursements

Premium Subsidy

Farmer Premiums

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

Premium Subsidies

YearPremium SubsidiesPolicies
1995$93,8551,121
1996$150,710817
1997$125,405542
1998$96,649454
1999$82,460455
2000$73,767499
2001$127,379493
2002$124,553424
2003$158,645400
2004$175,853386
2005$147,590303
2006$168,350252
2007$242,825232
2008$439,667285
2009$418,885307
2010$390,628273
2011$541,950319
2012$587,866343
2013$588,863400
2014$651,092435
2015$599,649436
2016$651,754428
2017$726,862422
2018$805,459398
1995-2018$8,170,71610,424

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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