Background Information

Total Costs

Indemnities

Administrative and Operating Expense Reimbursements

Premium Subsidy

Farmer Premiums

Total Costs (see methodology)
CropTotal Costs (see methodology)
1995-2018
Policies
Corn$30,351,76114,276
Soybeans$13,989,88614,090
Sugar Beets$3,297,614993
Green Peas$877,9112,064
Sweet Corn$483,0781,253
Forage Production$383,9081,341
Wheat$214,8204,257
Hybrid Corn Seed$166,760422
Dry Beans$120,747695
Oats$89,9371,361
Miscellaneous Crops$30,20834
Barley$28,760429
Forage Seeding$18,860642
GRP Forage Production$3469
GRP Soybeans$-28,38070
GRP Corn$-54,97678
1995-2018$49,971,24042,014

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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