Background Information

Total Costs

Indemnities

Administrative and Operating Expense Reimbursements

Premium Subsidy

Farmer Premiums

Farmer Premiums in Gloucester County, New Jersey

Farmer Premiums

YearFarmer PremiumsPolicies
1995$9,191108
1996$6,09589
1997$6,885107
1998$17,26796
1999$30,625110
2000$35,515128
2001$41,982149
2002$36,753139
2003$30,856124
2004$59,138148
2005$63,041154
2006$69,197133
2007$76,711120
2008$149,107113
2009$136,222146
2010$129,460145
2011$202,118152
2012$202,203148
2013$242,867144
2014$170,673142
2015$157,575152
2016$172,578160
2017$192,099152
2018$206,001152
1995-2018$2,444,1593,211

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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