Background Information

Total Costs

Indemnities

Administrative and Operating Expense Reimbursements

Premium Subsidy

Farmer Premiums

Farmer Premiums
CropFarmer Premiums
1995-2018
Policies
Corn$5,797,4703,191
Soybeans$2,895,2312,696
Wheat$322,9801,216
Forage Production$179,344671
Sweet Corn$45,815311
Forage Seeding$37,633528
Green Peas$19,908259
Oats$11,149411
Barley$2,82180
GRP Corn$2,3998
GRP Forage Production$2,34794
Miscellaneous Crops$1,01849
Nursery (FG&C)$04
1995-2018$9,318,1159,518

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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