Crop Insurance

Lamar 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 Lamar County, Texas

Premium Subsidies

YearPremium SubsidiesPolicies
1995$335,711846
1996$312,182719
1997$376,206660
1998$363,332583
1999$294,818717
2000$283,516765
2001$457,292833
2002$499,268947
2003$603,769943
2004$600,824957
2005$633,523948
2006$751,488942
2007$1,037,541956
2008$1,447,173872
2009$1,805,908805
2010$2,064,020822
2011$2,378,473822
2012$2,933,779850
2013$2,742,165839
2014$2,193,6951,017
2015$2,559,286957
2016$2,595,398940
2017$2,145,710952
1995-2017$29,415,07719,692

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.

 

Farm Subsidies Education

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