Background Information

Total Costs

Indemnities

Administrative and Operating Expense Reimbursements

Premium Subsidy

Farmer Premiums

Premium Subsidies Calculated by the Crop Insurance Program in Pershing County, Nevada

Premium Subsidies

YearPremium SubsidiesPolicies
1995$34,45360
1996$56,06582
1997$34,16678
1998$32,50745
1999$27,82532
2000$26,35728
2001$32,96526
2002$264,95859
2003$318,16462
2004$341,53286
2005$335,820111
2006$209,595118
2007$314,824109
2008$325,038119
2009$684,972138
2010$743,764140
2011$840,843147
2012$707,257136
2013$1,413,606135
2014$1,568,581147
2015$2,263,458176
2016$2,046,503183
2017$1,397,564218
1995-2017$14,020,8172,435

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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