Crop Insurance

New Jersey

Background Information

Total Costs

Indemnities

Administrative and Operating Expense Reimbursements

Premium Subsidy

Farmer Premiums

Total Costs (see methodology)
CropTotal Costs (see methodology)
1995-2018
Policies
Soybeans$15,246,1379,165
Corn$12,852,0839,650
Miscellaneous Crops$11,214,0596,262
Blueberries$9,240,3551,459
Peaches$4,291,250741
Cranberries$3,622,630600
Wheat$1,645,3643,789
Apples$1,087,559318
Tomatoes$623,300231
Nursery (FG&C)$511,63599
Winter Squash$409,587254
Processing Beans$208,518355
Fresh Market Sweet Corn$149,250605
Barley$90,552564
Adjusted Gross Revenue$63,25356
Grain Sorghum$56,33831
Oats$21,017342
Potatoes$20,57332
Pasture, Rangeland, Forage$12,3924
Apiculture$4,8324
Forage Production$-1,125163
1995-2018$61,369,55734,724

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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