Background Information

Total Costs

Indemnities

Administrative and Operating Expense Reimbursements

Premium Subsidy

Farmer Premiums

Farmer Premiums in Somerset County, Pennsylvania

Farmer Premiums

YearFarmer PremiumsPolicies
1995$31,351211
1996$26,61595
1997$17,59985
1998$18,25971
1999$27,20485
2000$42,188215
2001$27,079219
2002$55,484277
2003$54,871282
2004$114,365283
2005$72,086266
2006$79,616231
2007$102,342201
2008$101,846193
2009$54,690181
2010$51,186150
2011$93,942142
2012$102,114152
2013$109,704127
2014$146,164127
2015$161,976124
2016$153,828115
2017$163,827117
2018$193,688109
1995-2018$2,002,0244,058

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.

 

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