Crop Insurance

South Carolina

Background Information

Total Costs

Indemnities

Administrative and Operating Expense Reimbursements

Premium Subsidy

Farmer Premiums

Indemnities
CropIndemnities
1995-2018
Policies
Cotton$234,669,89437,358
Flue Cured Tobacco$200,579,44922,349
Corn$191,208,59461,216
Soybeans$161,017,91562,135
Miscellaneous Crops$128,054,06915,701
Peaches$114,541,8842,208
Wheat$54,251,15839,805
Peanuts$36,224,77914,779
Tobacco$12,306,0734,509
Sweetpotatoes$4,770,946518
Apples$2,226,552173
Grain Sorghum$1,736,9334,940
Processing Cucumbers$1,618,833121
Oats$711,7104,786
Pasture, Rangeland, Forage$684,855267
Canola$437,024158
Cabbage$387,390186
Apiculture$236,78141
Whole Farm Revenue Protection$191,57726
Fresh Market Tomatoes$111,846121
Clams$109,53724
Rye$38,402528
Barley$18,331185
Nursery (FG&C)$11,425182
GRP Soybeans$0216
Nursery (container)$014
1995-2018$1,146,145,957272,546

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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