Background Information

Total Costs

Indemnities

Administrative and Operating Expense Reimbursements

Premium Subsidy

Farmer Premiums

Indemnities Paid to Farmers by the Crop Insurance Program in Pershing County, Nevada

Indemnities

YearIndemnitiesPolicies
1995$85,03160
1996$082
1997$078
1998$045
1999$032
2000$49928
2001$30,18426
2002$1,434,61759
2003$2,364,21362
2004$2,708,61286
2005$782,918111
2006$263,570118
2007$30,432109
2008$298,283119
2009$2,316,966138
2010$4,022,995140
2011$1,355,085147
2012$342,650136
2013$6,844,067135
2014$10,513,587147
2015$15,405,339176
2016$8,480,470183
2017$486,933218
1995-2017$57,766,4512,435

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.

 

Farm Subsidies Education

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