Background Information

Total Costs

Indemnities

Administrative and Operating Expense Reimbursements

Premium Subsidy

Farmer Premiums

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

Total Costs (see methodology)

YearTotal Costs (see methodology)Policies
1995$14,90611
1996$09
1997$014
1998$3,7477
1999$-44811
2000$14117
2001$9,38219
2002$50,43217
2003$4,15316
2004$4,08017
2005$79,06816
2006$41,61516
2007$65,91216
2008$5,70815
2009$39,45015
2010$39,74214
2011$19,18813
2012$13,79312
2013$77,71912
2014$57,98511
2015$-7,7388
2016$97,4706
2017$7,7226
1995-2017$624,026298

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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