Background Information

Total Costs

Indemnities

Administrative and Operating Expense Reimbursements

Premium Subsidy

Farmer Premiums

Indemnities
CropIndemnities
1995-2018
Policies
Wheat$120,317,81822,872
Cotton$99,450,89419,780
Corn$16,723,22213,960
Peanuts$4,698,2138,110
Soybeans$4,061,77313,135
Canola$2,564,094346
Grain Sorghum$1,838,27614,750
Pasture, Rangeland, Forage$542,252333
Annual Forage$311,739108
Miscellaneous Crops$54,42326
Oats$17,774538
Sesame$15,345231
Barley$08
1995-2018$250,595,82394,197

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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