Background Information

Total Costs

Indemnities

Administrative and Operating Expense Reimbursements

Premium Subsidy

Farmer Premiums

Farmer Premiums in Wolfe County, Kentucky

Farmer Premiums

YearFarmer PremiumsPolicies
1995$1,714842
1996$3,227473
1997$7,769348
1998$29,363217
1999$39,904216
2000$17,380205
2001$12,253161
2002$9,709139
2003$7,758104
2004$9,50292
2005$3,26367
2006$5,00543
2007$4,89530
2008$8,59030
2009$5,98712
2010$3,99214
2011$2,93617
2012$80014
2013$3,03316
2014$4,50012
2015$79811
2016$9,1589
2017$10,4236
2018$2,2475
1995-2018$204,2063,083

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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