Crop Insurance

Wasco County, Oregon

Background Information

Total Costs

Indemnities

Administrative and Operating Expense Reimbursements

Premium Subsidy

Farmer Premiums

Premium Subsidies Calculated by the Crop Insurance Program in Wasco County, Oregon

Premium Subsidies

YearPremium SubsidiesPolicies
1995$57,012234
1996$52,357192
1997$62,425184
1998$70,011183
1999$211,657269
2000$235,227288
2001$544,186310
2002$648,468324
2003$767,768324
2004$667,668330
2005$620,198328
2006$610,113325
2007$720,269311
2008$1,004,345316
2009$1,664,470284
2010$1,325,185300
2011$1,702,121313
2012$1,744,423325
2013$1,618,003316
2014$1,425,962314
2015$1,244,116320
2016$1,663,194324
2017$1,503,031314
2018$1,673,993311
1995-2018$21,836,2027,039

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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