Background Information

Total Costs

Indemnities

Administrative and Operating Expense Reimbursements

Premium Subsidy

Farmer Premiums

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

Premium Subsidies

YearPremium SubsidiesPolicies
1995$140,812654
1996$123,569578
1997$111,456260
1998$106,903222
1999$89,275208
2000$99,317203
2001$146,827203
2002$165,307192
2003$196,955201
2004$252,644189
2005$228,012180
2006$315,401193
2007$481,938190
2008$721,020191
2009$793,781275
2010$831,862280
2011$1,170,706300
2012$1,104,706305
2013$1,246,153313
2014$1,194,393307
2015$1,009,607296
2016$1,054,480310
2017$1,076,711307
2018$1,229,212303
1995-2018$13,891,0476,660

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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