Background Information

Total Costs

Indemnities

Administrative and Operating Expense Reimbursements

Premium Subsidy

Farmer Premiums

Total Costs (see methodology) of the Crop Insurance Program in Hickory County, Missouri

Total Costs (see methodology)

YearTotal Costs (see methodology)Policies
1995$77,42862
1996$56,03364
1997$7,56962
1998$6,16245
1999$5,66340
2000$9,54348
2001$8,29045
2002$46,40138
2003$27,81936
2004$9,14037
2005$59,85738
2006$68,45940
2007$26,63538
2008$44,23840
2009$30,34044
2010$18,70146
2011$645,84651
2012$984,43360
2013$297,85876
2014$22,58197
2015$431,423106
2016$23,938110
2017$59,878114
2018$85,848109
1995-2018$3,214,6811,552

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.

 

Farm Subsidies Education

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