Background Information

Total Costs

Indemnities

Administrative and Operating Expense Reimbursements

Premium Subsidy

Farmer Premiums

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

Indemnities

YearIndemnitiesPolicies
1995$19,075749
1996$10,246432
1997$3,306221
1998$8,579132
1999$420,080190
2000$98,765288
2001$67,693284
2002$335,351260
2003$42,051240
2004$86,132229
2005$325,142219
2006$73,222216
2007$596,948224
2008$1,408,125232
2009$125,080251
2010$1,120,583241
2011$1,246,583258
2012$7,222,203272
2013$51,335295
2014$198,995284
2015$193,293281
2016$340,596283
2017$254,916285
1995-2017$14,248,2996,366

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

AgMag