Crop Insurance

Utah

Background Information

Total Costs

Indemnities

Administrative and Operating Expense Reimbursements

Premium Subsidy

Farmer Premiums

Premium Subsidies Calculated by the Crop Insurance Program in Utah

Premium Subsidies

YearPremium SubsidiesPolicies
1995$777,4752,899
1996$656,7681,953
1997$444,7721,523
1998$311,161795
1999$351,137658
2000$363,307657
2001$674,058692
2002$741,519747
2003$874,622692
2004$1,472,6601,094
2005$1,649,6451,177
2006$1,357,0901,097
2007$1,421,192971
2008$2,023,755992
2009$3,053,124991
2010$2,265,906956
2011$2,919,895928
2012$2,836,341893
2013$3,399,676903
2014$2,883,409908
2015$2,414,311890
2016$3,225,995864
2017$3,370,663795
2018$8,182,758957
1995-2018$60,449,74026,398

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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