Crop Insurance

Fulton County, Ohio

Background Information

Total Costs

Indemnities

Administrative and Operating Expense Reimbursements

Premium Subsidy

Farmer Premiums

Farmer Premiums in Fulton County, Ohio

Farmer Premiums

YearFarmer PremiumsPolicies
1995$46,1191,137
1996$54,199615
1997$91,707266
1998$99,704204
1999$105,711180
2000$226,825204
2001$175,584228
2002$302,467268
2003$596,566455
2004$808,388458
2005$983,104488
2006$1,007,618479
2007$1,473,851452
2008$1,926,361472
2009$1,897,631620
2010$1,312,619641
2011$2,335,842747
2012$1,780,695786
2013$2,097,811906
2014$1,587,152906
2015$1,624,088905
2016$1,423,450906
2017$1,698,992900
2018$1,551,204899
1995-2018$26,947,58415,040

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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