Background Information

Total Costs

Indemnities

Administrative and Operating Expense Reimbursements

Premium Subsidy

Farmer Premiums

Indemnities Paid to Farmers by the Crop Insurance Program in Charlotte County, Virginia

Indemnities

YearIndemnitiesPolicies
1995$543,384667
1996$266,500603
1997$88,964572
1998$229,783517
1999$222,416533
2000$77,359544
2001$193,895517
2002$151,594522
2003$885,621518
2004$72,862498
2005$50,213484
2006$161,460430
2007$575,940411
2008$495,407357
2009$465,521367
2010$798,754328
2011$270,512342
2012$631,571350
2013$530,789360
2014$188,068335
2015$589,741307
2016$581,776299
2017$298,469278
2018$885,120281
1995-2018$9,255,71910,420

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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