Crop Insurance

Potter 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 Potter County, Texas

Total Costs (see methodology)

YearTotal Costs (see methodology)Policies
1995$185,079190
1996$248,641189
1997$20,909166
1998$178,066167
1999$-34,443177
2000$300,961182
2001$72,588202
2002$356,646194
2003$240,825191
2004$162,515228
2005$115,506228
2006$517,484225
2007$27,568231
2008$661,394222
2009$328,555214
2010$-46,921189
2011$1,782,796197
2012$1,673,060181
2013$1,860,927185
2014$1,295,944190
2015$-112,193217
2016$663,872215
2017$865,084224
2018$3,517,611229
1995-2018$14,882,4774,833

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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