Background Information

Total Costs

Indemnities

Administrative and Operating Expense Reimbursements

Premium Subsidy

Farmer Premiums

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

Premium Subsidies

YearPremium SubsidiesPolicies
1995$31,47481
1996$28,23581
1997$17,06259
1998$13,18040
1999$19,72056
2000$16,22053
2001$25,07635
2002$9,16831
2003$9,24021
2004$10,89520
2005$9,45918
2006$7,49217
2007$11,66815
2008$24,13915
2009$34,11612
2010$33,07013
2011$64,11511
2012$33,50414
2013$48,49316
2014$27,48116
2015$00
2016$00
2017$17,9709
1995-2017$491,777633

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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