Crop Insurance

Reeves County, Texas

Background Information

Total Costs

Indemnities

Administrative and Operating Expense Reimbursements

Premium Subsidy

Farmer Premiums

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

Premium Subsidies

YearPremium SubsidiesPolicies
1995$205,218115
1996$173,167139
1997$183,096151
1998$240,326144
1999$150,254161
2000$154,642179
2001$151,352173
2002$81,717181
2003$64,538149
2004$117,606114
2005$136,656101
2006$119,000106
2007$35,04283
2008$11,13150
2009$20,65355
2010$86,07161
2011$696,618100
2012$1,577,462140
2013$1,566,333137
2014$1,820,906140
2015$1,647,361134
2016$1,660,278135
2017$2,547,425136
1995-2017$13,446,8522,884

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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