Background Information

Total Costs

Indemnities

Administrative and Operating Expense Reimbursements

Premium Subsidy

Farmer Premiums

Farmer Premiums in Treasure County, Montana

Farmer Premiums

YearFarmer PremiumsPolicies
1995$80,391150
1996$93,068144
1997$108,116130
1998$87,342132
1999$105,504126
2000$98,049126
2001$68,336106
2002$72,770104
2003$100,902118
2004$111,772120
2005$212,008181
2006$209,078180
2007$237,613163
2008$342,649166
2009$332,800154
2010$233,069161
2011$375,709162
2012$414,020167
2013$383,702176
2014$290,641171
2015$252,847168
2016$290,835154
2017$243,705137
2018$249,294140
1995-2018$4,994,2203,536

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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