Crop Insurance

Hardin County, Ohio

Background Information

Total Costs

Indemnities

Administrative and Operating Expense Reimbursements

Premium Subsidy

Farmer Premiums

Farmer Premiums in Hardin County, Ohio

Farmer Premiums

YearFarmer PremiumsPolicies
1995$272,9361,680
1996$417,0031,306
1997$459,2131,021
1998$561,745919
1999$796,980931
2000$983,109940
2001$708,404940
2002$735,594930
2003$1,159,3411,122
2004$1,568,0211,252
2005$1,558,9991,281
2006$1,739,6021,251
2007$2,710,9491,218
2008$4,193,4721,207
2009$3,244,6271,325
2010$2,791,5181,335
2011$4,677,6311,366
2012$3,520,3501,387
2013$3,451,4511,404
2014$3,136,6541,393
2015$2,791,2141,353
2016$2,779,0741,333
2017$2,967,1171,310
2018$2,642,3511,303
1995-2018$49,867,35529,507

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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