Background Information

Total Costs

Indemnities

Administrative and Operating Expense Reimbursements

Premium Subsidy

Farmer Premiums

Premium Subsidies Calculated by the Crop Insurance Program in Rockingham County, New Hampshire

Premium Subsidies

YearPremium SubsidiesPolicies
1995$34,65520
1996$38,03420
1997$32,33421
1998$37,60221
1999$32,62823
2000$38,46227
2001$70,39029
2002$77,55031
2003$79,00030
2004$82,97828
2005$75,04523
2006$71,98725
2007$76,60621
2008$82,33122
2009$46,80021
2010$55,77619
2011$68,99421
2012$88,28016
2013$82,08113
2014$103,38415
2015$102,90013
2016$117,39210
2017$94,52710
2018$87,71610
1995-2018$1,677,452489

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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