Background Information

Total Costs

Indemnities

Administrative and Operating Expense Reimbursements

Premium Subsidy

Farmer Premiums

Premium Subsidies Calculated by the Crop Insurance Program in Essex County, Massachusetts

Premium Subsidies

YearPremium SubsidiesPolicies
1995$1,55311
1996$09
1997$014
1998$8947
1999$7,34211
2000$10,84417
2001$18,87119
2002$21,73217
2003$13,28616
2004$18,92817
2005$15,94916
2006$18,93816
2007$20,40516
2008$26,83715
2009$25,50515
2010$23,24414
2011$17,11613
2012$19,54412
2013$31,28612
2014$26,09211
2015$22,4138
2016$22,0666
2017$18,1796
1995-2017$381,024298

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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