Background Information

Total Costs

Indemnities

Administrative and Operating Expense Reimbursements

Premium Subsidy

Farmer Premiums

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

Total Costs (see methodology)

YearTotal Costs (see methodology)Policies
1995$346,080173
1996$187,384171
1997$168,337136
1998$546,329130
1999$202,972143
2000$101,234161
2001$655,995161
2002$563,963171
2003$62,407164
2004$348,223183
2005$519,758161
2006$387,306129
2007$508,152131
2008$2,049,573137
2009$932,996133
2010$1,165,766156
2011$3,572,461142
2012$969,521154
2013$511,580150
2014$843,847153
2015$4,113,882154
2016$2,640,296156
2017$879,838165
1995-2017$22,277,8973,514

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.

 

Farm Subsidies Education

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