Background Information

Total Costs

Indemnities

Administrative and Operating Expense Reimbursements

Premium Subsidy

Farmer Premiums

Administrative and Operating Expense Reimbursements
CropAdministrative and Operating Expense Reimbursements
1995-2018
Policies
Corn$12,409,98414,276
Soybeans$7,502,68914,090
Sugar Beets$483,795993
Green Peas$217,2772,064
Wheat$216,8044,257
Sweet Corn$181,7891,253
Forage Production$168,8731,341
Hybrid Corn Seed$98,537422
Dry Beans$70,931695
GRP Corn$34,34878
Oats$23,4341,361
Forage Seeding$17,747642
GRP Soybeans$17,21770
Miscellaneous Crops$14,88334
Barley$8,633429
GRP Forage Production$3139
1995-2018$21,467,25342,014

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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