Background Information

Total Costs

Indemnities

Administrative and Operating Expense Reimbursements

Premium Subsidy

Farmer Premiums

Farmer Premiums in Pittsburg County, Oklahoma

Farmer Premiums

YearFarmer PremiumsPolicies
1995$39,53281
1996$28,47181
1997$18,31759
1998$16,49440
1999$35,40856
2000$26,23253
2001$15,06835
2002$4,53531
2003$4,58921
2004$5,18720
2005$4,08818
2006$2,84917
2007$3,53115
2008$13,59315
2009$7,42012
2010$9,58413
2011$16,27911
2012$8,27014
2013$13,04316
2014$7,61616
2015$00
2016$00
2017$16,2959
2018$64,86824
1995-2018$361,269657

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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