Crop-loss band · Illinois
Woodford County, Illinois — crop-loss band
- 0.91Low end of the filed band
- 1.51Middle of the filed band
- 2.44High end of the filed band
- 2018Worst year filed (3.24)
- 10Years filed
Every year the Risk Management Agency has filed for Woodford 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 0.91 at the low end to 2.44 at the high end, with 1.51 in the middle. The worst year filed is 2018, at 3.24. 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 | $473,159 | $1,008,737 | $9,007,282 | 185 | 184 | 2.13 |
| 2016 | $61,555 | $95,367 | $1,650,321 | 48 | 47 | 1.55 |
| 2017 | $727,016 | $663,585 | $14,490,795 | 277 | 277 | 0.91 |
| 2018 | $144,480 | $468,432 | $3,689,681 | 97 | 97 | 3.24 |
| 2019 | $1,488,485 | $3,631,642 | $30,889,922 | 418 | 415 | 2.44 |
| 2020 | $2,399,994 | $3,042,065 | $54,908,776 | 698 | 698 | 1.27 |
| 2021 | $187,039 | $282,420 | $3,269,518 | 58 | 58 | 1.51 |
| 2022 | $546,274 | $853,782 | $12,768,123 | 151 | 151 | 1.56 |
| 2023 | $4,309,847 | $4,366,787 | $49,095,423 | 501 | 501 | 1.01 |
| 2024 | $3,333,477 | $3,803,767 | $43,930,397 | 366 | 366 | 1.14 |
Commodities insured in Woodford 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
- 0.70Low end of the filed band
- 1.04Middle of the filed band
- 2.23High end of the filed band
- 2018Worst year filed (2.98)
- 10Years filed
- $11,185,152Premium filed
- $13,264,073Indemnity paid
- $159,902,934Liability insured
- 162,516Quantity planted
- 144,762Quantity lost
- 1,730Policies
- 1,728Policies with a loss
- 1.19Loss ratio, whole span
Causes that carried the indemnity in Woodford County
- ARPI/SCO/STAX/MP Crops Only $5,592,486 indemnity · 4 years
- Excess Moisture/Precipitation/Rain $3,596,694 indemnity · 10 years
- Drought $1,942,451 indemnity · 10 years
- Decline in Price $1,660,713 indemnity · 8 years
- Cold Wet Weather $122,636 indemnity · 7 years
- Wind/Excess Wind $86,678 indemnity · 5 years
Soybeans 10 years filed
- 1.20Low end of the filed band
- 1.99Middle of the filed band
- 3.47High end of the filed band
- 2019Worst year filed (5.07)
- 10Years filed
- $2,486,174Premium filed
- $4,952,511Indemnity paid
- $63,797,304Liability insured
- 99,042Quantity planted
- 82,451Quantity lost
- 1,069Policies
- 1,066Policies with a loss
- 1.99Loss ratio, whole span
Causes that carried the indemnity in Woodford County
- Drought $1,465,707 indemnity · 9 years
- Excess Moisture/Precipitation/Rain $1,300,390 indemnity · 10 years
- ARPI/SCO/STAX/MP Crops Only $1,292,330 indemnity · 3 years
- Decline in Price $555,148 indemnity · 7 years
- Cold Wet Weather $200,120 indemnity · 9 years
- Failure of Irrigation Equipment $26,972 indemnity · 1 years
Every county-crop the agency files in Illinois → Buy the Woodford 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.