Background Information

Total Costs

Indemnities

Administrative and Operating Expense Reimbursements

Premium Subsidy

Farmer Premiums

Premium Subsidies Calculated by the Crop Insurance Program in Lincoln County, Wisconsin

Premium Subsidies

YearPremium SubsidiesPolicies
1995$69,447225
1996$67,224167
1997$49,864116
1998$64,147113
1999$59,467136
2000$55,808124
2001$74,967119
2002$77,510106
2003$76,20792
2004$100,971109
2005$129,317112
2006$147,806133
2007$252,673139
2008$399,067160
2009$383,140198
2010$323,974187
2011$554,323192
2012$627,029212
2013$683,797222
2014$520,678251
2015$462,198225
2016$374,652225
2017$438,578214
2018$483,772199
1995-2018$6,476,6163,976

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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