Crop Insurance

Duval County, Texas

Background Information

Total Costs

Indemnities

Administrative and Operating Expense Reimbursements

Premium Subsidy

Farmer Premiums

Farmer Premiums in Duval County, Texas

Farmer Premiums

YearFarmer PremiumsPolicies
1995$182,961307
1996$337,105268
1997$371,063235
1998$405,460256
1999$1,078,391285
2000$277,040275
2001$151,093237
2002$157,506254
2003$121,061179
2004$102,595165
2005$59,893128
2006$77,209113
2007$267,664125
2008$234,821123
2009$496,996173
2010$607,580196
2011$602,356183
2012$646,375207
2013$766,441203
2014$615,229180
2015$537,755150
2016$545,288129
2017$452,881109
1995-2017$9,094,7634,480

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.

 

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