Background Information

Total Costs

Indemnities

Administrative and Operating Expense Reimbursements

Premium Subsidy

Farmer Premiums

Total Costs (see methodology) of the Crop Insurance Program in Somerset County, Pennsylvania

Total Costs (see methodology)

YearTotal Costs (see methodology)Policies
1995$139,908211
1996$59,60595
1997$114,33685
1998$28,17671
1999$89,10785
2000$-19,725215
2001$60,269219
2002$139,090277
2003$319,238282
2004$75,592283
2005$27,056266
2006$77,545231
2007$57,988201
2008$62,438193
2009$77,466181
2010$81,165150
2011$38,599142
2012$-6,687152
2013$9,852127
2014$259,777127
2015$327,597124
2016$67,785115
2017$368,593117
2018$471,818109
1995-2018$2,926,5914,058

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

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