Background Information

Total Costs

Indemnities

Administrative and Operating Expense Reimbursements

Premium Subsidy

Farmer Premiums

Farmer Premiums in Choctaw County, Oklahoma

Farmer Premiums

YearFarmer PremiumsPolicies
1995$23,15541
1996$19,74540
1997$19,51727
1998$016
1999$43,10522
2000$35,73123
2001$25,86130
2002$13,48833
2003$12,68940
2004$10,73638
2005$19,01531
2006$20,52432
2007$33,99031
2008$66,22236
2009$36,23335
2010$43,52431
2011$17,27426
2012$41,61636
2013$87,37144
2014$40,30350
2015$93,26547
2016$86,05551
2017$190,95466
2018$242,15159
1995-2018$1,432,529945

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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