Crop Insurance

South Dakota

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
Corn$2,957,804,176677,309
Soybeans$1,304,387,640613,522
Wheat$877,837,713492,060
Sunflowers$229,452,360238,555
Forage Production$143,219,16197,386
Grain Sorghum$34,451,441103,376
Oats$30,194,920248,387
Pasture, Rangeland, Forage$25,894,37216,967
Barley$14,155,354122,300
Millet$13,673,83846,900
Forage Seeding$10,459,88463,120
Miscellaneous Crops$9,918,3063,578
Dry Beans$7,385,6657,846
Whole Farm Revenue Protection$5,761,768123
Dry Peas$5,269,34317,815
Safflower$3,020,0287,830
Hybrid Corn Seed$2,820,4871,147
Flax$2,159,57524,606
Potatoes$1,298,861749
Rye$915,4257,027
Popcorn$433,706322
Annual Forage$395,940903
Nursery (container)$0329
GRP Corn$-13011
GRP Soybeans$-2829
Canola$-1,5714
Apiculture$-222,306428
1995-2018$5,680,685,6752,792,609

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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