Crop Insurance

New York

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$30,832,14654,285
Apples$24,510,4167,496
Soybeans$9,157,14119,362
Onions$9,035,0812,921
Miscellaneous Crops$8,733,70512,213
Grapes$6,267,0128,919
Potatoes$3,078,0591,835
Green Peas$2,712,9795,571
Processing Beans$2,660,3773,611
Wheat$2,642,92313,480
Pasture, Rangeland, Forage$1,204,736958
Dry Beans$1,118,4073,877
Sweet Corn$1,007,8823,536
Adjusted Gross Revenue$814,020532
Cabbage$540,169626
Fresh Market Sweet Corn$366,7911,382
Nursery (FG&C)$343,497162
Peaches$324,5531,061
Forage Production$166,7442,843
Oats$162,0165,516
Adjusted Gross Revenue-lite$68,986127
Whole Farm Revenue Protection$52,70829
Winter Squash$42,715309
Cherries$35,05342
Barley$15,791525
Forage Seeding$10,624450
Fresh Market Beans$8,7364
Apiculture$8,6459
Pears$4334
Nursery (container)$017
Tomatoes$039
Grain Sorghum$017
1995-2018$105,922,342151,758

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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