Crop Insurance

South Carolina

Background Information

Total Costs

Indemnities

Administrative and Operating Expense Reimbursements

Premium Subsidy

Farmer Premiums

Total Costs (see methodology)
CropTotal Costs (see methodology)
1995-2018
Policies
Cotton$199,106,63237,358
Flue Cured Tobacco$176,477,49422,349
Corn$151,405,70061,216
Soybeans$133,295,48462,135
Miscellaneous Crops$105,846,62115,701
Peaches$90,914,8162,208
Wheat$46,045,96939,805
Peanuts$28,183,61914,779
Tobacco$10,385,8274,509
Sweetpotatoes$4,614,658518
Apples$2,075,236173
Processing Cucumbers$1,538,613121
Grain Sorghum$1,468,1914,940
Oats$620,2914,786
Canola$390,746158
Cabbage$367,828186
Pasture, Rangeland, Forage$345,419267
Apiculture$174,20441
Nursery (FG&C)$139,743182
Fresh Market Tomatoes$112,848121
Clams$103,38324
Whole Farm Revenue Protection$50,17526
Rye$34,888528
Nursery (container)$32,57314
Barley$20,407185
GRP Soybeans$-21,405216
1995-2018$953,729,960272,546

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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