Background Information

Total Costs

Indemnities

Administrative and Operating Expense Reimbursements

Premium Subsidy

Farmer Premiums

Farmer Premiums in Pershing County, Nevada

Farmer Premiums

YearFarmer PremiumsPolicies
1995$14,47260
1996$44,03682
1997$44,24778
1998$61,55245
1999$39,77532
2000$28,05328
2001$24,34926
2002$211,83159
2003$248,47262
2004$322,70686
2005$335,883111
2006$157,143118
2007$252,641109
2008$236,553119
2009$523,823138
2010$553,110140
2011$614,834147
2012$514,396136
2013$878,124135
2014$1,186,164147
2015$1,858,472176
2016$1,623,352183
2017$1,094,998218
1995-2017$10,868,9862,435

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 1995-2017 is $14.6 billion.

 

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