Background Information

Total Costs

Indemnities

Administrative and Operating Expense Reimbursements

Premium Subsidy

Farmer Premiums

Indemnities Paid to Farmers by the Crop Insurance Program in Yadkin County, North Carolina

Indemnities

YearIndemnitiesPolicies
1995$339,163654
1996$511,527578
1997$573,135260
1998$411,440222
1999$383,762208
2000$310,808203
2001$32,048203
2002$447,385192
2003$595,755201
2004$162,936189
2005$289,529180
2006$484,193193
2007$1,743,721190
2008$1,692,790191
2009$1,533,781275
2010$1,615,392280
2011$741,348300
2012$862,535305
2013$2,185,540313
2014$833,653307
2015$3,153,347296
2016$1,819,267310
2017$1,259,598307
2018$2,356,732303
1995-2018$24,339,3856,660

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.

 

Farm Subsidies Education

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