Background Information

Total Costs

Indemnities

Administrative and Operating Expense Reimbursements

Premium Subsidy

Farmer Premiums

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

Total Costs (see methodology)

YearTotal Costs (see methodology)Policies
1995$324,762654
1996$469,816578
1997$517,620260
1998$366,922222
1999$308,879208
2000$246,358203
2001$5,227203
2002$418,768192
2003$552,504201
2004$100,739189
2005$238,754180
2006$393,496193
2007$1,601,127190
2008$1,486,089191
2009$1,259,593275
2010$1,340,130280
2011$284,432300
2012$449,695305
2013$1,689,783313
2014$350,033307
2015$2,745,647296
2016$1,371,788310
2017$813,229307
2018$1,864,109303
1995-2018$19,199,5056,660

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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