Crop-loss band · Iowa
Grundy County, Iowa — crop-loss band
- 0.56Low end of the filed band
- 2.32Middle of the filed band
- 2.57High end of the filed band
- 2020Worst year filed (8.76)
- 10Years filed
Every year the Risk Management Agency has filed for Grundy 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 0.56 at the low end to 2.57 at the high end, with 2.32 in the middle. The worst year filed is 2020, at 8.76. 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 | $203,379 | $523,099 | $3,958,179 | 71 | 71 | 2.57 |
| 2016 | $151,001 | $376,098 | $2,934,586 | 51 | 51 | 2.49 |
| 2017 | $167,610 | $94,359 | $3,973,787 | 33 | 33 | 0.56 |
| 2018 | $398,457 | $937,490 | $9,918,929 | 142 | 142 | 2.35 |
| 2019 | $317,080 | $738,795 | $8,769,192 | 136 | 135 | 2.33 |
| 2020 | $1,165,264 | $10,212,912 | $33,407,660 | 326 | 325 | 8.76 |
| 2021 | $163,566 | $230,253 | $3,883,279 | 46 | 44 | 1.41 |
| 2022 | $300,357 | $601,271 | $6,420,571 | 63 | 63 | 2.00 |
| 2023 | $6,921,999 | $16,063,379 | $109,877,417 | 630 | 628 | 2.32 |
| 2024 | $3,704,671 | $4,447,074 | $44,441,163 | 430 | 430 | 1.20 |
Commodities insured in Grundy County
3 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
- 0.47Low end of the filed band
- 2.03Middle of the filed band
- 2.92High end of the filed band
- 2020Worst year filed (9.94)
- 10Years filed
- $9,493,303Premium filed
- $25,729,633Indemnity paid
- $146,943,434Liability insured
- 117,856Quantity planted
- 137,469Quantity lost
- 937Policies
- 933Policies with a loss
- 2.71Loss ratio, whole span
Causes that carried the indemnity in Grundy County
- Wind/Excess Wind $8,142,728 indemnity · 4 years
- Drought $7,736,901 indemnity · 7 years
- ARPI/SCO/ECO/STAX/MP/HIP-WI/PACE Crops Only $6,291,624 indemnity · 2 years
- Decline in Price $2,173,939 indemnity · 9 years
- Excess Moisture/Precipitation/Rain $689,869 indemnity · 7 years
- Tornado $486,207 indemnity · 1 years
Soybeans 10 years filed
- 0.56Low end of the filed band
- 2.15Middle of the filed band
- 2.40High end of the filed band
- 2022Worst year filed (2.43)
- 10Years filed
- $3,672,603Premium filed
- $7,377,927Indemnity paid
- $74,853,256Liability insured
- 105,385Quantity planted
- 103,941Quantity lost
- 900Policies
- 898Policies with a loss
- 2.01Loss ratio, whole span
Causes that carried the indemnity in Grundy County
- Drought $2,877,334 indemnity · 7 years
- ARPI/SCO/ECO/STAX/MP/HIP-WI/PACE Crops Only $1,824,244 indemnity · 2 years
- Excess Moisture/Precipitation/Rain $1,230,248 indemnity · 9 years
- Decline in Price $1,027,149 indemnity · 7 years
- Hail $180,657 indemnity · 7 years
- Cold Wet Weather $93,802 indemnity · 5 years
Hybrid Corn Seed 9 years filed
- 0.88Low end of the filed band
- 3.01Middle of the filed band
- 7.69High end of the filed band
- 2021Worst year filed (7.69)
- 9Years filed
- $327,478Premium filed
- $1,117,170Indemnity paid
- $5,788,073Liability insured
- 5,642Quantity planted
- 5,673Quantity lost
- 91Policies
- 91Policies with a loss
- 3.41Loss ratio, whole span
Causes that carried the indemnity in Grundy County
- Wind/Excess Wind $679,034 indemnity · 3 years
- Excess Moisture/Precipitation/Rain $249,818 indemnity · 6 years
- Drought $122,450 indemnity · 4 years
- Hail $39,325 indemnity · 2 years
- Heat $30,098 indemnity · 1 years
Every county-crop the agency files in Iowa → Buy the Grundy 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.