Crop-loss band · Iowa
Palo Alto County, Iowa — crop-loss band
- 0.68Low end of the filed band
- 2.55Middle of the filed band
- 4.06High end of the filed band
- 2019Worst year filed (4.46)
- 10Years filed
Every year the Risk Management Agency has filed for Palo Alto 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 0.68 at the low end to 4.06 at the high end, with 2.55 in the middle. The worst year filed is 2019, at 4.46. 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 | $109,896 | $280,676 | $1,847,045 | 63 | 63 | 2.55 |
| 2016 | $1,013,964 | $684,769 | $22,207,088 | 256 | 256 | 0.68 |
| 2017 | $873,310 | $2,243,102 | $16,249,790 | 294 | 294 | 2.57 |
| 2018 | $3,980,059 | $16,151,898 | $82,365,529 | 1,282 | 1,280 | 4.06 |
| 2019 | $1,411,908 | $6,293,706 | $24,756,459 | 454 | 443 | 4.46 |
| 2020 | $1,073,308 | $2,887,369 | $20,567,118 | 303 | 302 | 2.69 |
| 2021 | $774,458 | $1,135,073 | $10,611,124 | 170 | 170 | 1.47 |
| 2022 | $1,813,470 | $2,601,231 | $24,107,546 | 246 | 246 | 1.43 |
| 2023 | $2,095,468 | $2,357,611 | $32,609,135 | 387 | 387 | 1.13 |
| 2024 | $6,892,638 | $19,026,625 | $114,040,289 | 1,424 | 1,423 | 2.76 |
Commodities insured in Palo Alto 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
- 0.60Low end of the filed band
- 2.61Middle of the filed band
- 4.19High end of the filed band
- 2019Worst year filed (4.93)
- 10Years filed
- $14,152,684Premium filed
- $36,961,191Indemnity paid
- $248,323,374Liability insured
- 333,215Quantity planted
- 293,615Quantity lost
- 2,890Policies
- 2,881Policies with a loss
- 2.61Loss ratio, whole span
Causes that carried the indemnity in Palo Alto County
- Excess Moisture/Precipitation/Rain $22,997,048 indemnity · 8 years
- Drought $6,429,288 indemnity · 9 years
- Decline in Price $2,813,649 indemnity · 8 years
- Hail $1,440,810 indemnity · 8 years
- ARPI/SCO/STAX/MP Crops Only $1,016,219 indemnity · 4 years
- Flood $893,899 indemnity · 6 years
Soybeans 10 years filed
- 1.05Low end of the filed band
- 1.92Middle of the filed band
- 3.84High end of the filed band
- 2016Worst year filed (4.81)
- 10Years filed
- $5,885,795Premium filed
- $16,700,869Indemnity paid
- $101,037,749Liability insured
- 191,111Quantity planted
- 175,678Quantity lost
- 1,989Policies
- 1,983Policies with a loss
- 2.84Loss ratio, whole span
Causes that carried the indemnity in Palo Alto County
- Excess Moisture/Precipitation/Rain $10,237,024 indemnity · 9 years
- Drought $2,210,852 indemnity · 7 years
- Decline in Price $1,571,434 indemnity · 8 years
- Hail $1,352,525 indemnity · 8 years
- Flood $839,687 indemnity · 4 years
- ARPI/SCO/STAX/MP Crops Only $218,567 indemnity · 2 years
Every county-crop the agency files in Iowa → Buy the Palo Alto 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.