Background Information

Total Costs

Indemnities

Administrative and Operating Expense Reimbursements

Premium Subsidy

Farmer Premiums

Farmer Premiums in Ashe County, North Carolina

Farmer Premiums

YearFarmer PremiumsPolicies
1995$32,145617
1996$63,976441
1997$101,483238
1998$137,304239
1999$152,274253
2000$113,272241
2001$78,178232
2002$70,188200
2003$65,841158
2004$58,899134
2005$21,01495
2006$18,73460
2007$15,16533
2008$15,02621
2009$19,24919
2010$14,22712
2011$9,28110
2012$8,7909
2013$6,2727
2014$22,7558
2015$12,5167
2016$3,8936
2017$3,3035
2018$4,0415
1995-2018$1,048,3313,055

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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