Background Information

Total Costs

Indemnities

Administrative and Operating Expense Reimbursements

Premium Subsidy

Farmer Premiums

Farmer Premiums by County in Taos County, New Mexico

Farmer Premiums
CountyFarmer Premiums
1995-2018
Policies
Curry County, New Mexico$36,736,97131,630
Quay County, New Mexico$21,285,76710,105
Roosevelt County, New Mexico$20,413,30724,576
Lea County, New Mexico$20,076,9207,202
Dona Ana County, New Mexico$13,327,9967,193
Union County, New Mexico$10,731,1433,881
Chaves County, New Mexico$10,147,0842,257
Eddy County, New Mexico$7,817,4702,001
San Juan County, New Mexico$7,433,107114
Otero County, New Mexico$4,191,048250
Unknown county in New Mexico$4,162,822382
Luna County, New Mexico$3,953,0892,359
McKinley County, New Mexico$2,550,12722
Catron County, New Mexico$2,400,43765
Lincoln County, New Mexico$2,202,231130
San Miguel County, New Mexico$2,117,563101
DeBaca County, New Mexico$2,061,714114
Guadalupe County, New Mexico$1,985,13490
Hidalgo County, New Mexico$1,810,473796
Cibola County, New Mexico$1,695,74528
Grant County, New Mexico$1,457,320100
Torrance County, New Mexico$1,337,998531
Colfax County, New Mexico$1,296,486161
Harding County, New Mexico$1,276,794163
Socorro County, New Mexico$997,59681
Sierra County, New Mexico$585,89482
Rio Arriba County, New Mexico$264,334132
Mora County, New Mexico$127,14515
Santa Fe County, New Mexico$67,733119
Valencia County, New Mexico$50,40719
1995-2018$00

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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