Crop Insurance

Irion County, Texas

Background Information

Total Costs

Indemnities

Administrative and Operating Expense Reimbursements

Premium Subsidy

Farmer Premiums

Indemnities Paid to Farmers by the Crop Insurance Program in Irion County, Texas

Indemnities

YearIndemnitiesPolicies
1995$82,97841
1996$67,35042
1997$9,06141
1998$72,07940
1999$66,23937
2000$427,65750
2001$83,08962
2002$123,31073
2003$112,43072
2004$18,16365
2005$1,33962
2006$194,59852
2007$363,97889
2008$988,90385
2009$263,63682
2010$613,53184
2011$1,852,71281
2012$662,20788
2013$634,70779
2014$844,46878
2015$152,68375
2016$171,92468
2017$336,69363
1995-2017$8,143,7351,509

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.

 

Farm Subsidies Education

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