Background Information

Total Costs

Indemnities

Administrative and Operating Expense Reimbursements

Premium Subsidy

Farmer Premiums

Indemnities Paid to Farmers by the Crop Insurance Program in Essex County, Massachusetts

Indemnities

YearIndemnitiesPolicies
1995$14,43211
1996$09
1997$014
1998$3,5027
1999$011
2000$017
2001$8,29119
2002$50,52617
2003$3,75216
2004$4,29217
2005$78,64916
2006$43,52616
2007$69,15316
2008$9,37015
2009$44,99715
2010$42,25514
2011$24,17013
2012$17,55812
2013$89,73412
2014$68,41611
2015$08
2016$104,7296
2017$14,1756
1995-2017$691,527298

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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