Crop Insurance

Irion County, Texas

Background Information

Total Costs

Indemnities

Administrative and Operating Expense Reimbursements

Premium Subsidy

Farmer Premiums

Total Costs (see methodology) of the Crop Insurance Program in Irion County, Texas

Total Costs (see methodology)

YearTotal Costs (see methodology)Policies
1995$71,73841
1996$63,36142
1997$2,87041
1998$69,25740
1999$44,11437
2000$373,94950
2001$71,10462
2002$116,30873
2003$98,78972
2004$11,38465
2005$-2,23662
2006$186,60352
2007$224,04789
2008$824,14985
2009$42,71782
2010$434,49684
2011$1,621,19181
2012$416,60488
2013$436,72679
2014$696,97878
2015$8,78375
2016$38,16268
2017$224,34663
1995-2017$6,075,4441,509

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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