Crop Insurance

Lamar County, Texas

Background Information

Total Costs

Indemnities

Administrative and Operating Expense Reimbursements

Premium Subsidy

Farmer Premiums

Farmer Premiums in Lamar County, Texas

Farmer Premiums

YearFarmer PremiumsPolicies
1995$242,907846
1996$186,394719
1997$238,657660
1998$178,223583
1999$242,197717
2000$236,345765
2001$234,459833
2002$275,362947
2003$347,801943
2004$318,525957
2005$340,786948
2006$432,727942
2007$593,808956
2008$707,310872
2009$738,554805
2010$716,898822
2011$754,712822
2012$935,640850
2013$864,967839
2014$728,5621,017
2015$837,305957
2016$872,867940
2017$722,546952
1995-2017$11,747,55219,692

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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