Background Information

Total Costs

Indemnities

Administrative and Operating Expense Reimbursements

Premium Subsidy

Farmer Premiums

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

Total Costs (see methodology)

YearTotal Costs (see methodology)Policies
1995$5,991842
1996$37,350473
1997$78,799348
1998$140,114217
1999$145,231216
2000$7,723205
2001$28,477161
2002$35,609139
2003$24,388104
2004$206,96892
2005$11,44967
2006$28,28643
2007$14,42930
2008$3,55730
2009$22,40612
2010$10,83214
2011$15,44317
2012$97514
2013$1,57516
2014$28,51012
2015$6,57911
2016$31,8079
2017$18,4786
2018$-1,2735
1995-2018$903,7043,083

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.

 

Farm Subsidies Education

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