Crop Insurance

Massachusetts

Background Information

Total Costs

Indemnities

Administrative and Operating Expense Reimbursements

Premium Subsidy

Farmer Premiums

Total Costs (see methodology) of the Crop Insurance Program in Massachusetts

Total Costs (see methodology)

YearTotal Costs (see methodology)Policies
1995$903,092528
1996$614,020570
1997$136,179641
1998$3,812,592580
1999$2,138,919709
2000$7,845,874854
2001$3,274,626885
2002$4,373,462870
2003$4,445,931824
2004$1,399,325845
2005$4,325,636800
2006$1,221,616758
2007$1,811,262726
2008$5,649,755714
2009$7,252,998709
2010$3,929,905677
2011$1,976,147673
2012$3,386,798650
2013$2,705,766630
2014$3,165,260606
2015$1,748,594569
2016$2,720,569523
2017$1,257,871524
1995-2017$70,096,20515,865

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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