Background Information

Total Costs

Indemnities

Administrative and Operating Expense Reimbursements

Premium Subsidy

Farmer Premiums

Total Costs (see methodology) of the Crop Insurance Program in Charlotte County, Virginia

Total Costs (see methodology)

YearTotal Costs (see methodology)Policies
1995$510,071667
1996$216,957603
1997$31,964572
1998$174,104517
1999$113,171533
2000$-4,351544
2001$161,641517
2002$117,726522
2003$850,932518
2004$28,972498
2005$17,819484
2006$123,910430
2007$516,453411
2008$403,364357
2009$364,294367
2010$702,169328
2011$74,716342
2012$454,483350
2013$330,617360
2014$16,585335
2015$465,739307
2016$441,803299
2017$160,217278
2018$758,745281
1995-2018$7,032,10010,420

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.

 

Farm Subsidies Education

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