Background Information

Total Costs

Indemnities

Administrative and Operating Expense Reimbursements

Premium Subsidy

Farmer Premiums

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

Premium Subsidies

YearPremium SubsidiesPolicies
1995$80,682749
1996$44,706432
1997$30,497221
1998$17,355132
1999$52,837190
2000$86,032288
2001$186,093284
2002$160,156260
2003$171,664240
2004$245,474229
2005$250,819219
2006$287,820216
2007$395,404224
2008$670,082232
2009$729,600251
2010$605,901241
2011$1,123,246258
2012$1,004,576272
2013$1,056,661295
2014$867,021284
2015$964,328281
2016$863,192283
2017$1,051,565285
1995-2017$10,945,7116,366

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.

 

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