Background Information

Total Costs

Indemnities

Administrative and Operating Expense Reimbursements

Premium Subsidy

Farmer Premiums

Indemnities Paid to Farmers by the Crop Insurance Program in Tipton County, Tennessee

Indemnities

YearIndemnitiesPolicies
1995$1,180,118911
1996$317,022697
1997$105,763574
1998$180,467379
1999$378,270387
2000$528,122502
2001$1,146,285541
2002$823,814525
2003$299,409553
2004$177,415585
2005$134,919538
2006$84,557519
2007$1,750,274532
2008$823,032571
2009$588,668587
2010$914,498570
2011$1,507,860571
2012$685,185608
2013$1,218,371634
2014$575,836658
2015$1,531,585697
2016$693,799717
2017$348,773712
2018$733,721707
1995-2018$16,727,76314,275

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.

 

Farm Subsidies Education

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