Crop Insurance

Lamar 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 Lamar County, Texas

Total Costs (see methodology)

YearTotal Costs (see methodology)Policies
1995$846,138846
1996$302,482719
1997$473,340660
1998$1,411,050583
1999$494,837717
2000$472,112765
2001$920,950833
2002$746,046947
2003$470,520943
2004$261,461957
2005$2,511,391948
2006$1,599,655942
2007$288,396956
2008$439,359872
2009$3,739,808805
2010$2,623,187822
2011$2,597,131822
2012$921,445850
2013$887,346839
2014$1,404,0901,017
2015$5,696,428957
2016$4,003,192940
2017$482,283952
2018$1,093,611918
1995-2018$34,686,24920,610

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 1995-2018 is $14.6 billion.

 

Farm Subsidies Education

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