Background Information

Total Costs

Indemnities

Administrative and Operating Expense Reimbursements

Premium Subsidy

Farmer Premiums

Premium Subsidies Calculated by the Crop Insurance Program in McCurtain County, Oklahoma

Premium Subsidies

YearPremium SubsidiesPolicies
1995$171,145173
1996$154,314171
1997$180,310136
1998$146,229130
1999$133,978143
2000$131,348161
2001$208,481161
2002$210,948171
2003$214,322164
2004$329,799183
2005$304,055161
2006$334,927129
2007$445,539131
2008$768,493137
2009$723,727133
2010$739,973156
2011$1,060,187142
2012$933,911154
2013$1,070,153150
2014$841,075153
2015$1,079,450154
2016$1,000,017156
2017$929,812165
1995-2017$12,112,1933,514

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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