Background Information

Total Costs

Indemnities

Administrative and Operating Expense Reimbursements

Premium Subsidy

Farmer Premiums

Farmer Premiums in Pepin County, Wisconsin

Farmer Premiums

YearFarmer PremiumsPolicies
1995$38,282584
1996$28,356467
1997$26,953246
1998$32,428233
1999$59,075236
2000$92,857267
2001$61,304245
2002$77,463251
2003$88,680251
2004$153,656255
2005$153,643263
2006$187,912271
2007$350,966260
2008$559,792269
2009$422,710290
2010$369,287282
2011$583,506282
2012$489,004299
2013$487,297318
2014$543,241334
2015$431,459351
2016$419,577335
2017$439,876321
1995-2017$6,097,3246,910

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 1995-2017 is $14.6 billion.

 

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