Background Information

Total Costs

Indemnities

Administrative and Operating Expense Reimbursements

Premium Subsidy

Farmer Premiums

Premium Subsidies Calculated by the Crop Insurance Program in Ashe County, North Carolina

Premium Subsidies

YearPremium SubsidiesPolicies
1995$41,498617
1996$65,336441
1997$78,921238
1998$95,323239
1999$79,840253
2000$61,216241
2001$108,069232
2002$96,235200
2003$90,046158
2004$80,514134
2005$29,94895
2006$24,52360
2007$20,19433
2008$19,56921
2009$24,67419
2010$17,44912
2011$11,42810
2012$10,8309
2013$7,7577
2014$29,6908
2015$16,4017
2016$6,2056
2017$4,5625
2018$7,0295
1995-2018$1,027,9823,055

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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