Background Information

Total Costs

Indemnities

Administrative and Operating Expense Reimbursements

Premium Subsidy

Farmer Premiums

Farmer Premiums in McCurtain County, Oklahoma

Farmer Premiums

YearFarmer PremiumsPolicies
1995$82,999173
1996$88,772171
1997$90,481136
1998$39,434130
1999$105,620143
2000$118,414161
2001$113,573161
2002$124,117171
2003$140,358164
2004$172,259183
2005$158,082161
2006$171,513129
2007$215,383131
2008$427,020137
2009$312,028133
2010$306,753156
2011$359,208142
2012$327,208154
2013$376,936150
2014$310,079153
2015$445,052154
2016$420,319156
2017$426,227165
1995-2017$5,331,8353,514

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 1995-2017 is $14.6 billion.

 

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