Crop Insurance

Missouri

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$2,142,330,212661,408
Soybeans$1,369,808,094728,582
Wheat$166,607,291344,532
Rice$69,775,13733,085
Cotton$59,197,15653,012
Miscellaneous Crops$22,710,02910,872
Grain Sorghum$18,771,258202,091
Pasture, Rangeland, Forage$9,927,58210,032
Potatoes$8,605,034338
Apples$4,431,260376
Burley Tobacco$3,414,0652,623
Popcorn$2,911,6374,106
Peanuts$112,3045
Processing Beans$107,70214
Hybrid Corn Seed$98,230516
GRP Corn$85,94391
Tobacco$58,1461,286
Oats$37,6592,837
Grp Wheat$36,34634
Barley$35,118425
Nursery (FG&C)$1,25750
GRP Soybeans$316207
Dry Beans$-1,1094
Nursery (container)$-2,50550
Peaches$-23,01057
Whole Farm Revenue Protection$-57,06642
1995-2018$3,878,978,0892,056,675

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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