Background Information

Total Costs

Indemnities

Administrative and Operating Expense Reimbursements

Premium Subsidy

Farmer Premiums

Farmer Premiums in Yadkin County, North Carolina

Farmer Premiums

YearFarmer PremiumsPolicies
1995$82,685654
1996$106,655578
1997$120,893260
1998$101,796222
1999$86,902208
2000$86,413203
2001$76,865203
2002$88,135192
2003$118,547201
2004$159,076189
2005$135,804180
2006$210,165193
2007$314,131190
2008$458,650191
2009$510,350275
2010$519,515280
2011$666,019300
2012$632,377305
2013$732,711313
2014$751,342307
2015$651,609296
2016$723,261310
2017$709,338307
2018$809,384303
1995-2018$8,852,6236,660

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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