Thursday, January 8, 2015

Federal Cost of Crop Insurance for Boone County

For the last seventeen years (1995-2012) the cost was $19,977,243 or which is an average of $1,175,132 per year.

 

Information below is from:  http://farm.ewg.org/cropinsurance.php?fips=17007&summpage=SUMMARY

 

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County by County Comparison

Boone County has extensive amount of row crops but is smaller in terms of square miles than many other counties.  Here is how Boone County’s nearly $20 million compares with other Illinois counties. (NOTE:  The figures for Boone County are slightly different on the comparative numbers—$19,596,910 vs. $19,977,243.  This maybe due to methodology.)

Very interesting—in the case of Knox County—last on the comparison lists—the federal government actually made money on the insurance subsidy program.. See Knox County’s individual costs at the bottom of this posting-- government costs nearly equal premiums and earned interest.

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