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Crop-loss band · Indiana
Franklin County, Indiana — crop-loss band
- 0.71Low end of the band
- 1.58Middle of the band
- 1.81High end of the band
- 2019Worst year (2.25)
- 10Years filed
Franklin County by filed year
| Year | Premium | Indemnity | Liability | Policies | Policies with a loss | Loss ratio |
|---|---|---|---|---|---|---|
| 2015 | $293,540 | $435,231 | $2,264,336 | 86 | 86 | 1.48 |
| 2016 | $474,075 | $532,650 | $3,422,054 | 133 | 125 | 1.12 |
| 2017 | $1,179,207 | $841,377 | $10,006,829 | 266 | 259 | 0.71 |
| 2018 | $229,124 | $391,669 | $2,440,158 | 108 | 106 | 1.71 |
| 2019 | $2,210,330 | $4,974,582 | $20,746,696 | 676 | 675 | 2.25 |
| 2020 | $397,639 | $509,746 | $4,042,241 | 124 | 124 | 1.28 |
| 2021 | $688,334 | $1,247,143 | $6,735,516 | 208 | 208 | 1.81 |
| 2022 | $416,847 | $658,204 | $4,315,954 | 121 | 121 | 1.58 |
| 2023 | $225,224 | $366,924 | $2,228,606 | 95 | 95 | 1.63 |
| 2024 | $488,638 | $809,371 | $5,483,969 | 179 | 179 | 1.66 |
2 commodities insured in Franklin County
| Commodity | Years | Low | Middle | High | Worst year | Whole span |
|---|---|---|---|---|---|---|
| Corn | 10 | 0.64 | 1.53 | 1.89 | 2022 (2.28) | 1.42 |
| Soybeans | 10 | 0.90 | 1.57 | 2.10 | 2019 (2.90) | 1.96 |
| Commodity | Premium | Indemnity | Liability | Planted | Lost | Policies | With a loss |
|---|---|---|---|---|---|---|---|
| Corn | $3,996,403 | $5,661,860 | $32,519,023 | 56,208 | 48,686 | 909 | 896 |
| Soybeans | $2,606,555 | $5,105,037 | $29,167,336 | 65,916 | 60,835 | 1,087 | 1,082 |
Causes that carried Franklin County’s indemnity
Corn
- Excess Moisture/Precipitation/Rain $3,409,529 indemnity · 10 years
- Drought $1,435,216 indemnity · 9 years
- Decline in Price $241,069 indemnity · 7 years
- Wind/Excess Wind $131,737 indemnity · 3 years
- ARPI/SCO/STAX/MP Crops Only $124,793 indemnity · 3 years
- Cold Wet Weather $89,348 indemnity · 6 years
Soybeans
- Excess Moisture/Precipitation/Rain $2,364,169 indemnity · 10 years
- Drought $1,962,565 indemnity · 9 years
- Decline in Price $365,301 indemnity · 8 years
- Wildlife $167,262 indemnity · 10 years
- ARPI/SCO/STAX/MP Crops Only $64,082 indemnity · 2 years
- Other (Snow, Lightning, Etc.) $51,709 indemnity · 4 years
All county-crop bands in Indiana →
Source: USDA Risk Management Agency, Cause of Loss Summary of Business. Methodology.