Background Information

Total Costs

Indemnities

Administrative and Operating Expense Reimbursements

Premium Subsidy

Farmer Premiums

Total Costs (see methodology) of the Crop Insurance Program in Ashe County, North Carolina

Total Costs (see methodology)

YearTotal Costs (see methodology)Policies
1995$300,324617
1996$420,097441
1997$455,401238
1998$617,793239
1999$511,304253
2000$579,774241
2001$438,169232
2002$338,173200
2003$550,117158
2004$324,186134
2005$33,16395
2006$45,95560
2007$24,15533
2008$63,90321
2009$63,89819
2010$40,61812
2011$27,92110
2012$16,8759
2013$4,6177
2014$9,8258
2015$18,7947
2016$22,0486
2017$-9625
2018$18,2135
1995-2018$4,924,0443,055

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.

 

Farm Subsidies Education

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