Crop Insurance

Massachusetts

Background Information

Total Costs

Indemnities

Administrative and Operating Expense Reimbursements

Premium Subsidy

Farmer Premiums

Premium Subsidies Calculated by the Crop Insurance Program in Massachusetts

Premium Subsidies

YearPremium SubsidiesPolicies
1995$650,647528
1996$786,364570
1997$945,877641
1998$1,084,631580
1999$1,212,821709
2000$1,058,172854
2001$1,244,705885
2002$1,322,115870
2003$1,814,285824
2004$1,542,208845
2005$1,629,616800
2006$1,637,366758
2007$1,942,674726
2008$2,153,791714
2009$2,389,923709
2010$2,255,235677
2011$1,978,451673
2012$2,115,190650
2013$2,308,956630
2014$2,263,276606
2015$1,807,360569
2016$1,969,965523
2017$2,124,947524
1995-2017$38,238,57515,865

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

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