Background Information

Total Costs

Indemnities

Administrative and Operating Expense Reimbursements

Premium Subsidy

Farmer Premiums

Farmer Premiums
CropFarmer Premiums
1995-2018
Policies
Wheat$57,323,76622,193
Canola$11,045,76910,012
Dry Peas$5,305,4739,525
Flax$3,954,14012,150
Barley$2,870,93416,366
Soybeans$2,274,4183,195
Pasture, Rangeland, Forage$1,681,274839
Sunflowers$1,646,5428,239
Corn$410,7872,897
Oats$375,3699,183
Mustard$303,8132,876
Miscellaneous Crops$179,38454
Safflower$28,9281,559
Dry Beans$28,068128
Forage Production$19,51181
Annual Forage$6,51917
Crambe$5,18243
Buckwheat$3,784209
Forage Seeding$727123
1995-2018$87,464,38899,689

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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