Crop Insurance

Fulton County, Ohio

Background Information

Total Costs

Indemnities

Administrative and Operating Expense Reimbursements

Premium Subsidy

Farmer Premiums

Total Costs (see methodology) of the Crop Insurance Program in Fulton County, Ohio

Total Costs (see methodology)

YearTotal Costs (see methodology)Policies
1995$85,0781,137
1996$21,955615
1997$-26,701266
1998$-49,680204
1999$-83,739180
2000$-13,491204
2001$298,867228
2002$1,105,045268
2003$45,989455
2004$566,753458
2005$-380,181488
2006$-425,061479
2007$-448,608452
2008$6,149,280472
2009$656,071620
2010$-207,395641
2011$-435,694747
2012$7,233,595786
2013$-599,947906
2014$3,376,765906
2015$1,125,504905
2016$-464,716906
2017$-259,205900
2018$334,703899
1995-2018$36,174,03115,040

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.

 

Farm Subsidies Education

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