Background Information

Total Costs

Indemnities

Administrative and Operating Expense Reimbursements

Premium Subsidy

Farmer Premiums

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

Premium Subsidies

YearPremium SubsidiesPolicies
1995$15,735842
1996$23,475473
1997$26,868348
1998$23,721217
1999$24,339216
2000$11,284205
2001$18,704161
2002$14,695139
2003$11,026104
2004$13,90492
2005$4,46267
2006$6,36643
2007$6,26530
2008$10,82830
2009$8,09812
2010$5,61514
2011$4,16817
2012$1,15114
2013$4,23316
2014$5,85612
2015$97611
2016$10,6979
2017$12,1916
2018$2,3395
1995-2018$266,9963,083

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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