Crop Insurance

Irion County, Texas

Background Information

Total Costs

Indemnities

Administrative and Operating Expense Reimbursements

Premium Subsidy

Farmer Premiums

Farmer Premiums in Irion County, Texas

Farmer Premiums

YearFarmer PremiumsPolicies
1995$27,57541
1996$14,84242
1997$15,44341
1998$10,20340
1999$25,28237
2000$62,60250
2001$27,41062
2002$19,09973
2003$35,03872
2004$20,45365
2005$13,67762
2006$23,25452
2007$294,81889
2008$345,42285
2009$382,65582
2010$325,20584
2011$331,18581
2012$365,09088
2013$285,25779
2014$232,91278
2015$232,01975
2016$228,74268
2017$191,78363
1995-2017$3,509,9661,509

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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