Background Information

Total Costs

Indemnities

Administrative and Operating Expense Reimbursements

Premium Subsidy

Farmer Premiums

Premium Subsidies Calculated by the Crop Insurance Program in Treasure County, Montana

Premium Subsidies

YearPremium SubsidiesPolicies
1995$65,973150
1996$79,647144
1997$77,328130
1998$69,823132
1999$69,890126
2000$67,244126
2001$107,727106
2002$112,540104
2003$152,288118
2004$164,837120
2005$303,626181
2006$303,686180
2007$345,389163
2008$502,849166
2009$477,955154
2010$351,263161
2011$556,071162
2012$584,088167
2013$547,256176
2014$419,647171
2015$367,024168
2016$403,303154
2017$336,362137
2018$339,714140
1995-2018$6,805,5303,536

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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