Background Information

Total Costs

Indemnities

Administrative and Operating Expense Reimbursements

Premium Subsidy

Farmer Premiums

Premium Subsidies Calculated by the Crop Insurance Program in Kalkaska County, Michigan

Premium Subsidies

YearPremium SubsidiesPolicies
1995$7,50817
1996$6,99710
1997$6,27410
1998$8,0198
1999$7,70413
2000$7,41113
2001$9,72613
2002$4,91213
2003$4,67512
2004$5,24514
2005$4,23813
2006$3,72413
2007$7,36113
2008$11,07814
2009$11,36015
2010$11,22416
2011$19,95416
2012$23,19018
2013$35,95124
2014$33,32326
2015$24,94826
2016$20,18122
2017$12,77015
2018$16,65616
1995-2018$324,479384

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.

 

Farm Subsidies Education

AgMag