Background Information

Total Costs

Indemnities

Administrative and Operating Expense Reimbursements

Premium Subsidy

Farmer Premiums

Farmer Premiums in Missaukee County, Michigan

Farmer Premiums

YearFarmer PremiumsPolicies
1995$6,167147
1996$7,696105
1997$7,02288
1998$5,86875
1999$14,13796
2000$17,558103
2001$11,249104
2002$29,841108
2003$41,824135
2004$46,466135
2005$54,052137
2006$59,882134
2007$104,361129
2008$297,064138
2009$170,049134
2010$169,040130
2011$303,584137
2012$185,742131
2013$193,032129
2014$151,418127
2015$147,141112
2016$122,709116
2017$123,803102
2018$107,10591
1995-2018$2,376,8102,843

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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