Background Information

Total Costs

Indemnities

Administrative and Operating Expense Reimbursements

Premium Subsidy

Farmer Premiums

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

Total Costs (see methodology)

YearTotal Costs (see methodology)Policies
1995$137,0101,135
1996$75,806673
1997$26,576298
1998$72,050221
1999$50,458348
2000$-7,869437
2001$1,721407
2002$701,056394
2003$238,121332
2004$202,104321
2005$-16,410309
2006$41,787295
2007$245,302285
2008$695,180319
2009$178,505345
2010$2,077,337348
2011$178,798405
2012$13,506,383421
2013$-9,937486
2014$1,032,507511
2015$266,329524
2016$1,927,152520
2017$282,291534
1995-2017$21,902,2549,868

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

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