Crop Insurance

New York

Background Information

Total Costs

Indemnities

Administrative and Operating Expense Reimbursements

Premium Subsidy

Farmer Premiums

Administrative and Operating Expense Reimbursements Paid to Insurance Companies by the Crop Insurance Program in New York

Administrative and Operating Expense Reimbursements

YearAdministrative and Operating Expense ReimbursementsPolicies
1995$1,276,44410,612
1996$1,107,9487,507
1997$972,4515,964
1998$1,054,2523,989
1999$1,319,6544,171
2000$1,516,0584,399
2001$2,211,8585,045
2002$2,331,7695,474
2003$3,253,1095,694
2004$3,650,5296,198
2005$3,765,6126,333
2006$3,905,9046,208
2007$4,447,3726,041
2008$5,488,7015,961
2009$4,973,3156,002
2010$5,058,9005,983
2011$4,122,0776,069
2012$4,724,8516,178
2013$5,101,7596,254
2014$6,193,4306,408
2015$6,785,1136,416
2016$7,429,1956,230
2017$7,808,9856,124
2018$8,683,6816,177
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.

 

Farm Subsidies Education

AgMag