Background Information

Total Costs

Indemnities

Administrative and Operating Expense Reimbursements

Premium Subsidy

Farmer Premiums

Farmer Premiums in Mitchell County, Texas

Farmer Premiums

YearFarmer PremiumsPolicies
1995$754,810705
1996$1,005,212706
1997$752,413766
1998$757,131739
1999$1,262,2621,414
2000$1,546,3741,463
2001$851,6981,426
2002$725,2491,408
2003$627,6331,327
2004$493,0011,274
2005$348,3851,112
2006$603,9971,008
2007$742,3671,022
2008$1,102,956981
2009$1,100,8981,058
2010$853,2251,052
2011$1,989,2131,026
2012$1,547,7421,030
2013$1,587,8751,077
2014$1,490,6101,050
2015$1,406,4271,043
2016$1,431,8891,004
2017$1,622,534947
1995-2017$24,603,90124,638

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

AgMag