Background Information

Total Costs

Indemnities

Administrative and Operating Expense Reimbursements

Premium Subsidy

Farmer Premiums

Total Costs (see methodology) of the Crop Insurance Program in Choctaw County, Oklahoma

Total Costs (see methodology)

YearTotal Costs (see methodology)Policies
1995$25,28441
1996$69,42840
1997$53,30527
1998$210,27616
1999$117,04622
2000$117,37423
2001$-2,15930
2002$6,48433
2003$14,35940
2004$7,75238
2005$155,31631
2006$222,90332
2007$-7,29231
2008$21,74636
2009$111,94735
2010$2,82931
2011$431,21726
2012$32,49536
2013$3,43644
2014$33,99450
2015$489,77947
2016$265,90451
2017$146,05166
2018$143,77359
1995-2018$2,671,421945

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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