Crop-loss band · Iowa
Franklin County, Iowa — crop-loss band
- 1.54Low end of the filed band
- 1.88Middle of the filed band
- 2.46High end of the filed band
- 2019Worst year filed (2.58)
- 10Years filed
Every year the Risk Management Agency has filed for Franklin 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 1.54 at the low end to 2.46 at the high end, with 1.88 in the middle. The worst year filed is 2019, at 2.58. 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 | $105,372 | $251,058 | $1,802,129 | 39 | 39 | 2.38 |
| 2016 | $135,374 | $210,008 | $2,575,899 | 58 | 58 | 1.55 |
| 2017 | $562,901 | $1,313,248 | $9,774,339 | 203 | 203 | 2.33 |
| 2018 | $1,034,657 | $1,754,908 | $19,455,147 | 305 | 305 | 1.70 |
| 2019 | $1,431,574 | $3,689,255 | $26,584,481 | 306 | 299 | 2.58 |
| 2020 | $1,680,056 | $4,130,531 | $31,904,421 | 335 | 333 | 2.46 |
| 2021 | $2,071,644 | $3,896,233 | $29,093,105 | 306 | 306 | 1.88 |
| 2022 | $567,928 | $1,231,154 | $7,768,526 | 85 | 85 | 2.17 |
| 2023 | $8,605,900 | $13,648,343 | $122,609,976 | 764 | 764 | 1.59 |
| 2024 | $6,711,382 | $10,307,295 | $94,676,152 | 874 | 874 | 1.54 |
Commodities insured in Franklin County
2 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
- 1.05Low end of the filed band
- 2.22Middle of the filed band
- 2.97High end of the filed band
- 2022Worst year filed (3.79)
- 10Years filed
- $16,919,675Premium filed
- $29,227,636Indemnity paid
- $256,873,177Liability insured
- 257,755Quantity planted
- 261,270Quantity lost
- 1,786Policies
- 1,781Policies with a loss
- 1.73Loss ratio, whole span
Causes that carried the indemnity in Franklin County
- Drought $12,730,096 indemnity · 8 years
- Excess Moisture/Precipitation/Rain $5,813,396 indemnity · 7 years
- ARPI/SCO/STAX/MP Crops Only $5,688,034 indemnity · 5 years
- Decline in Price $3,569,197 indemnity · 8 years
- Hail $679,071 indemnity · 5 years
- Wind/Excess Wind $358,818 indemnity · 7 years
Soybeans 10 years filed
- 1.03Low end of the filed band
- 2.01Middle of the filed band
- 2.86High end of the filed band
- 2016Worst year filed (3.63)
- 10Years filed
- $5,987,113Premium filed
- $11,204,397Indemnity paid
- $89,370,998Liability insured
- 160,832Quantity planted
- 150,890Quantity lost
- 1,489Policies
- 1,485Policies with a loss
- 1.87Loss ratio, whole span
Causes that carried the indemnity in Franklin County
- Drought $4,397,039 indemnity · 8 years
- Excess Moisture/Precipitation/Rain $3,379,677 indemnity · 10 years
- Decline in Price $1,464,443 indemnity · 7 years
- Hail $773,120 indemnity · 8 years
- ARPI/SCO/ECO/STAX/MP/HIP-WI/PACE Crops Only $639,733 indemnity · 2 years
- Frost $230,880 indemnity · 2 years
Every county-crop the agency files in Iowa → Buy the Franklin 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.