Crop Insurance

South Carolina

Background Information

Total Costs

Indemnities

Administrative and Operating Expense Reimbursements

Premium Subsidy

Farmer Premiums

Premium Subsidies
CropPremium Subsidies
1995-2018
Policies
Cotton$193,508,46737,358
Corn$148,273,03561,216
Soybeans$144,198,90262,135
Miscellaneous Crops$98,457,35315,701
Peaches$58,637,9692,208
Flue Cured Tobacco$43,894,28522,349
Wheat$35,114,44539,805
Peanuts$22,363,39714,779
Tobacco$3,110,7104,509
Grain Sorghum$1,251,3994,940
Nursery (FG&C)$768,919182
Apples$754,709173
Whole Farm Revenue Protection$713,53926
Pasture, Rangeland, Forage$555,787267
Fresh Market Tomatoes$369,451121
Oats$332,3894,786
Sweetpotatoes$247,338518
Canola$243,927158
Processing Cucumbers$211,053121
Nursery (container)$127,27814
Apiculture$94,63941
Rye$42,938528
Cabbage$36,439186
Clams$35,97224
Barley$32,988185
GRP Soybeans$23,065216
1995-2018$753,400,393272,546

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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