Background Information

Total Costs

Indemnities

Administrative and Operating Expense Reimbursements

Premium Subsidy

Farmer Premiums

Farmer Premiums in Kalkaska County, Michigan

Farmer Premiums

YearFarmer PremiumsPolicies
1995$5,94517
1996$7,31710
1997$6,94710
1998$7,1108
1999$6,00413
2000$6,06613
2001$5,09613
2002$2,32813
2003$2,68512
2004$2,78614
2005$2,09413
2006$1,96413
2007$3,81413
2008$6,67114
2009$5,02015
2010$4,44516
2011$8,31116
2012$8,56518
2013$16,70424
2014$17,82826
2015$11,17526
2016$8,85822
2017$5,42515
2018$10,01816
1995-2018$174,750384

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 1995-2018 is $14.6 billion.

 

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