Background Information

Total Costs

Indemnities

Administrative and Operating Expense Reimbursements

Premium Subsidy

Farmer Premiums

Farmer Premiums in Tipton County, Tennessee

Farmer Premiums

YearFarmer PremiumsPolicies
1995$90,138911
1996$92,656697
1997$78,579574
1998$68,544379
1999$202,235387
2000$438,331502
2001$364,282541
2002$467,694525
2003$326,152553
2004$462,366585
2005$345,195538
2006$394,372519
2007$335,690532
2008$710,007571
2009$557,875587
2010$492,798570
2011$719,647571
2012$598,453608
2013$783,316634
2014$679,167658
2015$627,373697
2016$637,143717
2017$620,721712
2018$585,285707
1995-2018$10,678,01914,275

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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