Background Information

Total Costs

Indemnities

Administrative and Operating Expense Reimbursements

Premium Subsidy

Farmer Premiums

Administrative and Operating Expense Reimbursements Paid to Insurance Companies by the Crop Insurance Program in Somerset County, Pennsylvania

Administrative and Operating Expense Reimbursements

YearAdministrative and Operating Expense ReimbursementsPolicies
1995$22,018211
1996$15,90695
1997$12,88185
1998$11,21771
1999$12,37385
2000$24,215215
2001$23,616219
2002$40,572277
2003$56,218282
2004$67,817283
2005$49,813266
2006$49,886231
2007$66,959201
2008$72,501193
2009$41,609181
2010$39,319150
2011$41,144142
2012$48,970152
2013$53,538127
2014$75,572127
2015$80,869124
2016$84,525115
2017$89,070117
2018$106,259109
1995-2018$1,186,8654,058

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

AgMag