Crop Insurance

Potter County, Texas

Background Information

Total Costs

Indemnities

Administrative and Operating Expense Reimbursements

Premium Subsidy

Farmer Premiums

Indemnities Paid to Farmers by the Crop Insurance Program in Potter County, Texas

Indemnities

YearIndemnitiesPolicies
1995$200,269190
1996$270,350189
1997$36,695166
1998$193,857167
1999$1,159177
2000$347,762182
2001$96,811202
2002$383,785194
2003$267,721191
2004$194,323228
2005$147,081228
2006$551,106225
2007$82,424231
2008$722,303222
2009$430,180214
2010$9,467189
2011$2,041,127197
2012$2,040,495181
2013$2,204,351185
2014$1,579,514190
2015$157,010217
2016$943,290215
2017$1,316,256224
2018$4,120,098229
1995-2018$18,337,4344,833

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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