Background Information

Total Costs

Indemnities

Administrative and Operating Expense Reimbursements

Premium Subsidy

Farmer Premiums

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

Indemnities

YearIndemnitiesPolicies
1995$9,766,9821,705
1996$9,897,4311,811
1997$1,582,3681,664
1998$2,477,0831,560
1999$12,641,5631,998
2000$3,885,1792,262
2001$4,468,9302,423
2002$2,850,6662,479
2003$4,117,2852,403
2004$3,525,7142,361
2005$899,4612,200
2006$13,832,2552,091
2007$577,5272,023
2008$4,141,9561,961
2009$27,097,3321,991
2010$734,0261,990
2011$69,384,0161,959
2012$46,872,2212,060
2013$61,972,8011,871
2014$45,532,8151,659
2015$8,441,6262,240
2016$2,522,2401,710
2017$3,599,9221,707
2018$21,994,5151,636
1995-2018$362,815,91447,764

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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