Background Information

Total Costs

Indemnities

Administrative and Operating Expense Reimbursements

Premium Subsidy

Farmer Premiums

Premium Subsidies Calculated by the Crop Insurance Program in Choctaw County, Oklahoma

Premium Subsidies

YearPremium SubsidiesPolicies
1995$32,46941
1996$43,75140
1997$22,74027
1998$31,38116
1999$42,19822
2000$40,42123
2001$51,66530
2002$35,27933
2003$32,84140
2004$40,44038
2005$53,03431
2006$55,97032
2007$89,90931
2008$184,32336
2009$144,08135
2010$133,40531
2011$119,57626
2012$200,26636
2013$245,17244
2014$171,49250
2015$182,28447
2016$158,10151
2017$273,68966
2018$310,51159
1995-2018$3,003,046945

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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