Crop Insurance

Reeves 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 Reeves County, Texas

Total Costs (see methodology)

YearTotal Costs (see methodology)Policies
1995$732,025115
1996$435,464139
1997$143,075151
1998$674,728144
1999$928,382161
2000$726,770179
2001$481,375173
2002$63,098181
2003$-12,246149
2004$147,115114
2005$135,335101
2006$85,941106
2007$48,38783
2008$27,12750
2009$16,99955
2010$-9,08261
2011$2,422,960100
2012$2,061,157140
2013$1,973,259137
2014$1,751,249140
2015$-610,041134
2016$280,376135
2017$549,253136
1995-2017$13,052,7022,884

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.

 

Farm Subsidies Education

AgMag