Background Information

Total Costs

Indemnities

Administrative and Operating Expense Reimbursements

Premium Subsidy

Farmer Premiums

Premium Subsidies
CropPremium Subsidies
1995-2018
Policies
Corn$114,348,19510,743
Soybeans$56,243,9078,817
Wheat$33,101,68110,343
Sunflowers$9,859,7409,580
Forage Production$3,525,4682,481
Pasture, Rangeland, Forage$1,810,627346
Grain Sorghum$536,0462,489
Whole Farm Revenue Protection$372,74512
Oats$354,1184,173
Miscellaneous Crops$246,88918
Barley$178,2093,101
Forage Seeding$131,5181,825
Millet$96,6282,267
Annual Forage$27,23112
Dry Peas$21,708471
Apiculture$4,24014
Flax$722387
Nursery (container)$079
1995-2018$220,859,67257,158

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.

 

Farm Subsidies Education

AgMag