Background Information

Total Costs

Indemnities

Administrative and Operating Expense Reimbursements

Premium Subsidy

Farmer Premiums

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

Premium Subsidies

YearPremium SubsidiesPolicies
1995$27,619101
1996$24,56164
1997$14,35069
1998$12,86644
1999$21,51788
2000$21,77293
2001$36,73789
2002$14,75290
2003$16,05475
2004$20,47853
2005$15,26834
2006$17,97831
2007$26,95825
2008$37,50427
2009$30,96121
2010$28,46519
2011$34,06914
2012$54,18017
2013$169,37027
2014$50,94127
2015$74,45936
2016$59,92133
2017$55,92729
2018$50,82426
1995-2018$974,3381,159

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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