Crop Insurance

New Jersey

Background Information

Total Costs

Indemnities

Administrative and Operating Expense Reimbursements

Premium Subsidy

Farmer Premiums

Administrative and Operating Expense Reimbursements
CropAdministrative and Operating Expense Reimbursements
1995-2018
Policies
Corn$4,938,1519,650
Soybeans$4,748,6459,165
Miscellaneous Crops$3,091,2106,262
Blueberries$1,974,0591,459
Peaches$1,926,013741
Cranberries$903,728600
Nursery (FG&C)$475,80799
Wheat$318,9093,789
Tomatoes$158,340231
Apples$116,347318
Fresh Market Sweet Corn$84,572605
Processing Beans$64,847355
Adjusted Gross Revenue$62,54656
Winter Squash$58,782254
Potatoes$21,57532
Barley$20,282564
Oats$8,655342
Grain Sorghum$5,33631
Forage Production$5,324163
Pasture, Rangeland, Forage$3,3874
Apiculture$2,1884
1995-2018$18,988,70334,724

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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