Crop Insurance

New York

Background Information

Total Costs

Indemnities

Administrative and Operating Expense Reimbursements

Premium Subsidy

Farmer Premiums

Farmer Premiums
CropFarmer Premiums
1995-2018
Policies
Corn$52,681,52754,285
Apples$52,161,4867,496
Soybeans$18,727,80419,362
Miscellaneous Crops$16,180,99212,213
Grapes$15,762,7198,919
Onions$14,962,3132,921
Processing Beans$6,282,4123,611
Green Peas$5,956,1265,571
Potatoes$5,794,1121,835
Wheat$5,099,80513,480
Pasture, Rangeland, Forage$3,905,883958
Sweet Corn$2,070,7383,536
Adjusted Gross Revenue$1,821,932532
Dry Beans$1,781,4653,877
Cabbage$567,928626
Peaches$542,6971,061
Oats$339,0735,516
Fresh Market Sweet Corn$238,0261,382
Adjusted Gross Revenue-lite$165,643127
Cherries$91,61042
Whole Farm Revenue Protection$83,54729
Forage Production$57,5752,843
Winter Squash$52,790309
Barley$29,836525
Apiculture$27,2759
Fresh Market Beans$17,3904
Forage Seeding$8,504450
Nursery (FG&C)$1,878162
Pears$7584
Grain Sorghum$017
Tomatoes$039
Nursery (container)$017
1995-2018$205,413,844151,758

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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