Background Information

Total Costs

Indemnities

Administrative and Operating Expense Reimbursements

Premium Subsidy

Farmer Premiums

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

Premium Subsidies

YearPremium SubsidiesPolicies
1995$140,906423
1996$193,112414
1997$178,441342
1998$142,220281
1999$83,980262
2000$96,563244
2001$166,611266
2002$222,403263
2003$213,403264
2004$202,581240
2005$209,607219
2006$197,057208
2007$306,146198
2008$429,135194
2009$630,929191
2010$289,011182
2011$418,798188
2012$930,370231
2013$816,500237
2014$728,674245
2015$704,166307
2016$532,320271
2017$721,584281
1995-2017$8,554,5175,951

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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