Background Information

Total Costs

Indemnities

Administrative and Operating Expense Reimbursements

Premium Subsidy

Farmer Premiums

Indemnities Paid to Farmers by the Crop Insurance Program in Grady County, Oklahoma

Indemnities

YearIndemnitiesPolicies
1995$421,930848
1996$549,967806
1997$56,579590
1998$71,283419
1999$41,949387
2000$190,365358
2001$89,814328
2002$14,192300
2003$67,888245
2004$44,338226
2005$34,399185
2006$464,827169
2007$476,105191
2008$84,765178
2009$3,620,677196
2010$373,084231
2011$3,216,069276
2012$1,306,804338
2013$667,332367
2014$2,597,395408
2015$2,230,123606
2016$764,312692
2017$1,523,699671
2018$1,101,217583
1995-2018$21,266,48710,172

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.

 

Farm Subsidies Education

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