Crop Insurance

Perry County, Ohio

Background Information

Total Costs

Indemnities

Administrative and Operating Expense Reimbursements

Premium Subsidy

Farmer Premiums

Premium Subsidies Calculated by the Crop Insurance Program in Perry County, Ohio

Premium Subsidies

YearPremium SubsidiesPolicies
1995$44,349182
1996$26,087102
1997$22,172101
1998$43,392100
1999$57,400119
2000$63,811142
2001$201,256151
2002$206,866146
2003$224,159151
2004$317,386151
2005$292,909156
2006$360,050161
2007$518,673158
2008$733,814155
2009$730,827175
2010$629,813178
2011$1,086,679190
2012$1,048,504189
2013$1,036,643205
2014$896,372213
2015$897,373225
2016$835,144234
2017$932,066226
1995-2017$11,205,7453,810

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 1995-2017 is $14.6 billion.

 

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