Background Information

Total Costs

Indemnities

Administrative and Operating Expense Reimbursements

Premium Subsidy

Farmer Premiums

Indemnities Paid to Farmers by the Crop Insurance Program in Edmunds County, South Dakota

Indemnities

YearIndemnitiesPolicies
1995$2,289,6252,044
1996$402,8391,879
1997$1,555,4761,719
1998$614,5991,685
1999$3,014,9181,725
2000$2,071,2321,878
2001$2,860,2391,899
2002$5,645,8971,858
2003$4,530,0651,925
2004$2,997,6422,079
2005$893,3992,074
2006$29,786,8231,931
2007$4,426,2401,926
2008$5,503,8121,968
2009$6,525,3622,383
2010$42,885,7412,251
2011$22,889,1192,350
2012$5,584,6602,347
2013$23,442,9602,385
2014$2,982,5402,371
2015$7,353,4642,396
2016$3,108,6682,390
2017$11,978,3282,396
2018$29,473,0042,384
1995-2018$239,501,85252,676

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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