Crop-loss band · Indiana
Wells County, Indiana — crop-loss band
- 0.23Low end of the filed band
- 0.74Middle of the filed band
- 4.09High end of the filed band
- 2019Worst year filed (5.30)
- 10Years filed
Every year the Risk Management Agency has filed for Wells 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 0.23 at the low end to 4.09 at the high end, with 0.74 in the middle. The worst year filed is 2019, at 5.30. 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 | $4,435,379 | $18,127,301 | $63,219,087 | 847 | 847 | 4.09 |
| 2016 | $665,131 | $355,774 | $9,379,000 | 129 | 126 | 0.53 |
| 2017 | $2,778,790 | $2,053,049 | $39,882,102 | 483 | 482 | 0.74 |
| 2018 | $292,117 | $471,228 | $4,027,294 | 75 | 75 | 1.61 |
| 2019 | $1,790,601 | $9,491,625 | $18,758,250 | 397 | 395 | 5.30 |
| 2020 | $1,612,851 | $451,375 | $24,670,886 | 230 | 230 | 0.28 |
| 2021 | $1,710,879 | $391,666 | $22,112,355 | 148 | 147 | 0.23 |
| 2022 | $1,529,962 | $821,083 | $20,125,177 | 161 | 161 | 0.54 |
| 2023 | $1,661,242 | $1,339,185 | $26,962,834 | 224 | 224 | 0.81 |
| 2024 | $2,914,492 | $3,474,252 | $31,685,127 | 446 | 446 | 1.19 |
Commodities insured in Wells 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
- 0.20Low end of the filed band
- 0.57Middle of the filed band
- 4.15High end of the filed band
- 2019Worst year filed (6.79)
- 10Years filed
- $10,328,714Premium filed
- $22,190,639Indemnity paid
- $125,056,048Liability insured
- 199,023Quantity planted
- 140,340Quantity lost
- 1,361Policies
- 1,359Policies with a loss
- 2.15Loss ratio, whole span
Causes that carried the indemnity in Wells County
- Excess Moisture/Precipitation/Rain $17,872,027 indemnity · 10 years
- ARPI/SCO/STAX Crops Only $1,883,624 indemnity · 2 years
- Decline in Price $1,096,221 indemnity · 7 years
- Cold Wet Weather $467,712 indemnity · 8 years
- Drought $389,295 indemnity · 8 years
- Other (Snow, Lightning, Etc.) $154,250 indemnity · 6 years
Soybeans 10 years filed
- 0.26Low end of the filed band
- 0.84Middle of the filed band
- 2.63High end of the filed band
- 2015Worst year filed (3.99)
- 10Years filed
- $9,062,730Premium filed
- $14,785,899Indemnity paid
- $135,766,064Liability insured
- 257,952Quantity planted
- 193,072Quantity lost
- 1,779Policies
- 1,774Policies with a loss
- 1.63Loss ratio, whole span
Causes that carried the indemnity in Wells County
- Excess Moisture/Precipitation/Rain $8,799,026 indemnity · 10 years
- ARPI/SCO/STAX Crops Only $2,019,616 indemnity · 2 years
- Drought $1,643,159 indemnity · 9 years
- Decline in Price $1,394,641 indemnity · 7 years
- Cold Wet Weather $338,919 indemnity · 9 years
- Other (Snow, Lightning, Etc.) $226,449 indemnity · 4 years
Every county-crop the agency files in Indiana → Buy the Wells 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.