Background Information

Total Costs

Indemnities

Administrative and Operating Expense Reimbursements

Premium Subsidy

Farmer Premiums

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

Premium Subsidies

YearPremium SubsidiesPolicies
1995$210,382777
1996$187,911666
1997$115,937356
1998$104,357245
1999$101,829218
2000$112,431251
2001$237,804242
2002$246,086239
2003$284,983245
2004$374,058254
2005$390,678293
2006$415,734323
2007$686,266337
2008$1,050,430356
2009$883,982366
2010$817,276386
2011$1,314,835421
2012$1,143,901442
2013$1,230,462481
2014$1,075,191467
2015$984,875461
2016$905,652445
2017$1,008,071429
2018$930,250412
1995-2018$15,699,4129,518

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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