Background Information

Total Costs

Indemnities

Administrative and Operating Expense Reimbursements

Premium Subsidy

Farmer Premiums

Indemnities Paid to Farmers by the Crop Insurance Program in Richland County, North Dakota

Indemnities

YearIndemnitiesPolicies
1995$3,712,4954,383
1996$1,111,7694,338
1997$2,230,9464,125
1998$5,426,2494,047
1999$5,058,0034,094
2000$3,166,4604,050
2001$9,959,7213,872
2002$2,413,7263,776
2003$2,941,1123,698
2004$6,838,8613,728
2005$11,082,4213,657
2006$5,534,1233,611
2007$18,524,5843,612
2008$24,427,8523,730
2009$32,823,8513,824
2010$15,784,6863,809
2011$51,620,8303,821
2012$2,167,1963,772
2013$26,292,3063,802
2014$31,396,9663,871
2015$8,027,3763,977
2016$1,098,3593,932
2017$2,607,6523,894
2018$2,166,2953,898
1995-2018$300,179,12697,181

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

AgMag