Crop-loss band · Colorado
Phillips County, Colorado — crop-loss band
- 1.50Low end of the filed band
- 2.51Middle of the filed band
- 3.54High end of the filed band
- 2022Worst year filed (4.07)
- 10Years filed
Every year the Risk Management Agency has filed for Phillips County is in the series below, from 2015 to 2024. Read across those years the county’s annual loss ratio — indemnity divided by premium — runs from 1.50 at the low end to 3.54 at the high end, with 2.51 in the middle. The worst year filed is 2022, at 4.07. The band points are years the county actually ran, never a figure interpolated between two of them.
The county’s year-by-year record
| Year | Premium | Indemnity | Liability | Policies | Policies with a loss | Loss ratio |
|---|---|---|---|---|---|---|
| 2015 | $1,384,494 | $3,354,639 | $7,122,001 | 333 | 333 | 2.42 |
| 2016 | $844,203 | $2,836,134 | $7,772,317 | 255 | 255 | 3.36 |
| 2017 | $1,041,106 | $1,951,620 | $6,065,720 | 220 | 220 | 1.87 |
| 2018 | $1,279,307 | $3,815,303 | $8,908,162 | 282 | 279 | 2.98 |
| 2019 | $464,390 | $1,365,601 | $3,951,231 | 159 | 159 | 2.94 |
| 2020 | $4,445,908 | $11,143,116 | $28,662,799 | 798 | 798 | 2.51 |
| 2021 | $1,963,158 | $3,714,968 | $9,930,838 | 265 | 265 | 1.89 |
| 2022 | $9,529,902 | $38,782,534 | $50,293,641 | 966 | 966 | 4.07 |
| 2023 | $6,737,718 | $23,862,278 | $50,335,293 | 654 | 654 | 3.54 |
| 2024 | $2,741,266 | $4,100,695 | $15,009,612 | 391 | 391 | 1.50 |
Commodities insured in Phillips County
5 commodities here clear the desk’s floors — at least five filed years and a quarter of a million dollars of filed premium. Each carries its own band, so a reader can read the commodity they actually farm rather than the county average.
Corn 10 years filed
- 1.19Low end of the filed band
- 2.60Middle of the filed band
- 4.43High end of the filed band
- 2016Worst year filed (5.08)
- 10Years filed
- $16,939,450Premium filed
- $57,716,965Indemnity paid
- $109,797,758Liability insured
- 291,830Quantity planted
- 292,249Quantity lost
- 1,597Policies
- 1,597Policies with a loss
- 3.41Loss ratio, whole span
Causes that carried the indemnity in Phillips County
- Drought $27,355,322 indemnity · 10 years
- Hail $22,940,220 indemnity · 10 years
- Heat $3,687,341 indemnity · 6 years
- Excess Moisture/Precipitation/Rain $1,729,522 indemnity · 4 years
- Decline in Price $531,891 indemnity · 9 years
- Wind/Excess Wind $385,207 indemnity · 9 years
Wheat 10 years filed
- 1.27Low end of the filed band
- 2.09Middle of the filed band
- 2.48High end of the filed band
- 2023Worst year filed (2.77)
- 10Years filed
- $10,043,935Premium filed
- $22,616,556Indemnity paid
- $56,309,202Liability insured
- 261,749Quantity planted
- 262,067Quantity lost
- 1,905Policies
- 1,902Policies with a loss
- 2.25Loss ratio, whole span
Causes that carried the indemnity in Phillips County
- Hail $9,748,972 indemnity · 10 years
- Drought $9,465,857 indemnity · 10 years
- Decline in Price $1,106,359 indemnity · 8 years
- Cold Winter $757,526 indemnity · 8 years
- Wind/Excess Wind $401,567 indemnity · 9 years
- Freeze $368,937 indemnity · 4 years
Millet 10 years filed
- 1.86Low end of the filed band
- 2.57Middle of the filed band
- 3.16High end of the filed band
- 2022Worst year filed (6.89)
- 10Years filed
- $2,185,958Premium filed
- $9,988,895Indemnity paid
- $15,422,802Liability insured
- 102,578Quantity planted
- 102,622Quantity lost
- 656Policies
- 656Policies with a loss
- 4.57Loss ratio, whole span
Causes that carried the indemnity in Phillips County
- Drought $8,089,603 indemnity · 9 years
- Hail $1,290,979 indemnity · 8 years
- Heat $337,898 indemnity · 4 years
- Excess Moisture/Precipitation/Rain $197,445 indemnity · 5 years
- Wind/Excess Wind $36,675 indemnity · 2 years
- Hot Wind $28,388 indemnity · 2 years
Dry Beans 8 years filed
- 3.26Low end of the filed band
- 7.13Middle of the filed band
- 11.66High end of the filed band
- 2018Worst year filed (11.66)
- 8Years filed
- $372,530Premium filed
- $2,377,781Indemnity paid
- $3,555,384Liability insured
- 6,031Quantity planted
- 6,416Quantity lost
- 44Policies
- 44Policies with a loss
- 6.38Loss ratio, whole span
Causes that carried the indemnity in Phillips County
- Hail $1,907,783 indemnity · 7 years
- Heat $280,329 indemnity · 3 years
- Excess Moisture/Precipitation/Rain $93,161 indemnity · 3 years
- Freeze $78,797 indemnity · 1 years
- Hot Wind $17,711 indemnity · 1 years
Grain Sorghum 9 years filed
- 0.20Low end of the filed band
- 1.37Middle of the filed band
- 3.57High end of the filed band
- 2021Worst year filed (3.57)
- 9Years filed
- $889,579Premium filed
- $2,226,691Indemnity paid
- $2,966,467Liability insured
- 16,100Quantity planted
- 16,310Quantity lost
- 121Policies
- 121Policies with a loss
- 2.50Loss ratio, whole span
Causes that carried the indemnity in Phillips County
- Drought $1,608,520 indemnity · 8 years
- Hail $474,016 indemnity · 5 years
- Heat $42,320 indemnity · 3 years
- Cold Wet Weather $34,308 indemnity · 1 years
- Decline in Price $31,574 indemnity · 5 years
- Hot Wind $17,788 indemnity · 1 years
Every county-crop the agency files in Colorado → Buy the Phillips County dossier →
Figures from the federal source files: EPA’s ECHO downloads, CMS provider files and the FMCSA census.
County cause-of-loss figures from the USDA Risk Management Agency’s Cause of Loss Summary of Business, county files, filed by the agency as a United States Government work. The loss ratio is the agency’s own published column: indemnity divided by premium, re-derived at the summed county-crop grain.