Crop Insurance

Reeves County, Texas

Background Information

Total Costs

Indemnities

Administrative and Operating Expense Reimbursements

Premium Subsidy

Farmer Premiums

Farmer Premiums in Reeves County, Texas

Farmer Premiums

YearFarmer PremiumsPolicies
1995$285,193115
1996$242,165139
1997$249,064151
1998$306,055144
1999$272,485161
2000$265,383179
2001$105,550173
2002$57,653181
2003$43,548149
2004$83,904114
2005$85,853101
2006$55,658106
2007$20,45683
2008$7,12850
2009$11,27955
2010$40,29861
2011$472,993100
2012$1,206,379140
2013$1,309,642137
2014$1,493,815140
2015$1,349,520134
2016$1,205,340135
2017$1,830,979136
1995-2017$11,000,3402,884

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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