Crop Insurance

Irion County, Texas

Background Information

Total Costs

Indemnities

Administrative and Operating Expense Reimbursements

Premium Subsidy

Farmer Premiums

Premium Subsidies Calculated by the Crop Insurance Program in Irion County, Texas

Premium Subsidies

YearPremium SubsidiesPolicies
1995$25,89241
1996$23,63242
1997$17,43941
1998$16,69240
1999$24,48237
2000$42,05450
2001$41,57162
2002$32,41473
2003$54,68672
2004$37,65865
2005$29,54862
2006$43,87452
2007$423,98189
2008$500,50285
2009$486,35782
2010$439,44484
2011$493,42581
2012$512,27588
2013$421,86579
2014$348,41078
2015$323,53175
2016$337,16468
2017$311,40263
1995-2017$4,988,2981,509

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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