Background Information

Total Costs

Indemnities

Administrative and Operating Expense Reimbursements

Premium Subsidy

Farmer Premiums

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

Total Costs (see methodology)

YearTotal Costs (see methodology)Policies
1995$428,148848
1996$550,171806
1997$55,224590
1998$48,159419
1999$-26,061387
2000$123,854358
2001$71,554328
2002$1,106300
2003$56,165245
2004$30,557226
2005$23,212185
2006$451,291169
2007$424,942191
2008$-10,626178
2009$3,397,953196
2010$195,566231
2011$2,824,233276
2012$849,931338
2013$164,071367
2014$2,192,892408
2015$1,667,424606
2016$320,479692
2017$910,428671
2018$684,449583
1995-2018$16,252,13210,172

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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