Crop Insurance

Massachusetts

Background Information

Total Costs

Indemnities

Administrative and Operating Expense Reimbursements

Premium Subsidy

Farmer Premiums

Farmer Premiums by County in Massachusetts

Farmer Premiums
CountyFarmer Premiums
1995-2017
Policies
Hampden County, Massachusetts$5,210,4271,188
Plymouth County, Massachusetts$4,355,9975,387
Franklin County, Massachusetts$3,732,1721,424
Hampshire County, Massachusetts$2,671,3802,009
Worcester County, Massachusetts$1,922,3141,564
Barnstable County, Massachusetts$785,2901,167
Middlesex County, Massachusetts$577,071582
Berkshire County, Massachusetts$426,109603
Unknown county in Massachusetts$343,59983
Bristol County, Massachusetts$275,4311,486
Essex County, Massachusetts$168,174298
Norfolk County, Massachusetts$22,01374
1995-2017$20,489,97715,865

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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