Crop Insurance

Massachusetts

Background Information

Total Costs

Indemnities

Administrative and Operating Expense Reimbursements

Premium Subsidy

Farmer Premiums

Indemnities Paid to Farmers by the Crop Insurance Program in Massachusetts

Indemnities

YearIndemnitiesPolicies
1995$983,495528
1996$739,072570
1997$360,275641
1998$4,024,528580
1999$2,969,761709
2000$8,371,864854
2001$3,468,372885
2002$4,530,331870
2003$4,411,667824
2004$1,634,954845
2005$4,576,263800
2006$1,505,027758
2007$2,177,612726
2008$6,050,330714
2009$7,853,924709
2010$4,423,925677
2011$2,624,240673
2012$4,021,616650
2013$3,475,166630
2014$3,807,401606
2015$2,282,064569
2016$3,374,376523
2017$1,881,917524
1995-2017$79,548,18015,865

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.

 

Farm Subsidies Education

AgMag