Background Information

Total Costs

Indemnities

Administrative and Operating Expense Reimbursements

Premium Subsidy

Farmer Premiums

Farmer Premiums in Buchanan County, Missouri

Farmer Premiums

YearFarmer PremiumsPolicies
1995$167,8181,591
1996$229,0061,564
1997$279,6401,403
1998$276,3091,120
1999$307,5291,046
2000$399,0991,126
2001$307,248941
2002$307,282882
2003$516,115871
2004$718,2981,000
2005$626,193978
2006$730,758956
2007$1,049,144938
2008$1,589,852974
2009$1,313,419995
2010$1,152,256979
2011$1,723,9201,010
2012$1,552,6191,036
2013$2,074,4791,147
2014$1,653,3071,147
2015$1,640,9061,178
2016$1,454,0121,181
2017$1,510,2091,162
2018$1,308,3531,127
1995-2018$22,887,77126,352

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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