Background Information

Total Costs

Indemnities

Administrative and Operating Expense Reimbursements

Premium Subsidy

Farmer Premiums

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

Premium Subsidies

YearPremium SubsidiesPolicies
1995$142,435584
1996$109,840467
1997$66,136246
1998$71,966233
1999$62,858236
2000$63,976267
2001$98,728245
2002$115,205251
2003$128,853251
2004$204,855255
2005$207,229263
2006$245,219271
2007$426,985260
2008$648,272269
2009$639,450290
2010$589,072282
2011$1,004,897282
2012$976,675299
2013$927,228318
2014$905,449334
2015$785,743351
2016$723,891335
2017$788,003321
1995-2017$9,932,9656,910

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.

 

Farm Subsidies Education

AgMag