Crop Insurance

New York

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
Apples$182,527,6527,496
Corn$166,394,16654,285
Soybeans$63,530,32819,362
Onions$43,082,7452,921
Miscellaneous Crops$42,502,05212,213
Grapes$24,105,2278,919
Processing Beans$12,499,9593,611
Wheat$12,443,16813,480
Green Peas$11,788,2225,571
Potatoes$10,102,1201,835
Dry Beans$6,382,3623,877
Cabbage$4,836,409626
Pasture, Rangeland, Forage$4,556,319958
Sweet Corn$4,006,0563,536
Peaches$1,129,0121,061
Adjusted Gross Revenue$1,078,456532
Oats$777,2925,516
Fresh Market Sweet Corn$563,7661,382
Nursery (FG&C)$521,294162
Winter Squash$480,642309
Adjusted Gross Revenue-lite$159,121127
Barley$141,386525
Forage Production$132,0702,843
Cherries$113,71342
Apiculture$54,9309
Whole Farm Revenue Protection$38,68829
Forage Seeding$24,967450
Tomatoes$039
Grain Sorghum$017
Nursery (container)$017
Pears$-2864
Fresh Market Beans$-8,6544
1995-2018$593,963,182151,758

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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