Background Information

Total Costs

Indemnities

Administrative and Operating Expense Reimbursements

Premium Subsidy

Farmer Premiums

Farmer Premiums in Grady County, Oklahoma

Farmer Premiums

YearFarmer PremiumsPolicies
1995$90,289848
1996$84,829806
1997$63,760590
1998$70,915419
1999$84,899387
2000$90,310358
2001$62,121328
2002$56,155300
2003$49,792245
2004$55,060226
2005$47,746185
2006$49,976169
2007$119,511191
2008$216,746178
2009$423,673196
2010$334,725231
2011$567,433276
2012$696,978338
2013$739,223367
2014$637,650408
2015$884,971606
2016$736,683692
2017$962,115671
2018$706,948583
1995-2018$8,558,31710,172

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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