Background Information

Total Costs

Indemnities

Administrative and Operating Expense Reimbursements

Premium Subsidy

Farmer Premiums

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

Total Costs (see methodology)

YearTotal Costs (see methodology)Policies
1995$57,7661,121
1996$114,667817
1997$243,079542
1998$200,685454
1999$506,986455
2000$401,545499
2001$53,177493
2002$589,629424
2003$341,463400
2004$181,489386
2005$315,947303
2006$140,269252
2007$612,087232
2008$1,096,062285
2009$889,625307
2010$1,406,073273
2011$383,427319
2012$2,536,376343
2013$147,392400
2014$1,174,047435
2015$904,465436
2016$944,286428
2017$696,108422
2018$593,124398
1995-2018$14,529,77610,424

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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