Background Information

Total Costs

Indemnities

Administrative and Operating Expense Reimbursements

Premium Subsidy

Farmer Premiums

Farmer Premiums in Grant County, Minnesota

Farmer Premiums

YearFarmer PremiumsPolicies
1995$908,0211,654
1996$1,183,7571,489
1997$1,306,9411,422
1998$1,541,5171,412
1999$2,666,4381,448
2000$2,541,3491,484
2001$1,509,7591,468
2002$1,557,3541,480
2003$1,958,9951,491
2004$2,400,3291,493
2005$2,167,9571,458
2006$2,516,2671,475
2007$3,928,0771,462
2008$5,955,9921,428
2009$3,827,3721,491
2010$3,252,1291,484
2011$4,410,7841,480
2012$4,301,8361,454
2013$4,194,4771,500
2014$3,291,3301,501
2015$3,020,3491,541
2016$2,849,7831,508
2017$3,137,1761,446
2018$2,620,5121,414
1995-2018$67,048,50135,483

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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