Crop Insurance

West Virginia

Background Information

Total Costs

Indemnities

Administrative and Operating Expense Reimbursements

Premium Subsidy

Farmer Premiums

Total Costs (see methodology) of the Crop Insurance Program in West Virginia

Total Costs (see methodology)

YearTotal Costs (see methodology)Policies
1995$641,5252,162
1996$1,171,0821,525
1997$851,7601,128
1998$1,125,823875
1999$1,408,805977
2000$885,3561,113
2001$829,3191,125
2002$1,217,1541,090
2003$2,189,9171,054
2004$1,320,2121,050
2005$557,116942
2006$595,882853
2007$1,869,312788
2008$541,564794
2009$671,225700
2010$3,826,173559
2011$1,158,585551
2012$132,357551
2013$283,284559
2014$784,943547
2015$672,335537
2016$685,147520
2017$114,569507
2018$1,144,746496
1995-2018$24,678,17621,003

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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