Crop-loss band · Kentucky
Hancock County, Kentucky — crop-loss band
- 1.22Low end of the filed band
- 2.71Middle of the filed band
- 3.53High end of the filed band
- 2022Worst year filed (3.74)
- 10Years filed
Every year the Risk Management Agency has filed for Hancock 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 1.22 at the low end to 3.53 at the high end, with 2.71 in the middle. The worst year filed is 2022, at 3.74. 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 | $50,625 | $178,868 | $613,718 | 16 | 16 | 3.53 |
| 2016 | $145,537 | $461,753 | $1,809,878 | 48 | 47 | 3.17 |
| 2017 | $160,343 | $435,134 | $2,175,681 | 55 | 55 | 2.71 |
| 2018 | $120,347 | $350,776 | $1,771,305 | 36 | 36 | 2.91 |
| 2019 | $189,654 | $535,220 | $2,365,409 | 43 | 41 | 2.82 |
| 2020 | $152,469 | $386,507 | $1,933,705 | 39 | 39 | 2.54 |
| 2021 | $217,061 | $265,774 | $2,774,472 | 28 | 28 | 1.22 |
| 2022 | $274,969 | $1,029,352 | $2,996,168 | 49 | 49 | 3.74 |
| 2023 | $273,581 | $497,388 | $3,255,772 | 43 | 43 | 1.82 |
| 2024 | $366,590 | $743,598 | $5,116,743 | 60 | 60 | 2.03 |
Commodities insured in Hancock 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.
Burley Tobacco 10 years filed
- 4.19Low end of the filed band
- 5.73Middle of the filed band
- 9.05High end of the filed band
- 2019Worst year filed (9.78)
- 10Years filed
- $409,449Premium filed
- $2,473,445Indemnity paid
- $4,918,050Liability insured
- 1,469Quantity planted
- 1,469Quantity lost
- 80Policies
- 80Policies with a loss
- 6.04Loss ratio, whole span
Causes that carried the indemnity in Hancock County
- Excess Moisture/Precipitation/Rain $1,862,845 indemnity · 10 years
- Drought $326,399 indemnity · 4 years
- ARPI/SCO/ECO/STAX/MP/HIP-WI/PACE Crops Only $153,468 indemnity · 2 years
- Flood $67,580 indemnity · 2 years
- Wind/Excess Wind $55,309 indemnity · 1 years
- Hail $7,844 indemnity · 1 years
Corn 10 years filed
- 0.56Low end of the filed band
- 2.31Middle of the filed band
- 5.98High end of the filed band
- 2018Worst year filed (6.86)
- 10Years filed
- $575,370Premium filed
- $1,312,626Indemnity paid
- $6,406,327Liability insured
- 9,692Quantity planted
- 6,915Quantity lost
- 116Policies
- 113Policies with a loss
- 2.28Loss ratio, whole span
Causes that carried the indemnity in Hancock County
- Excess Moisture/Precipitation/Rain $866,497 indemnity · 10 years
- Drought $313,876 indemnity · 3 years
- ARPI/SCO/ECO/STAX/MP/HIP-WI/PACE Crops Only $67,139 indemnity · 3 years
- Decline in Price $26,114 indemnity · 2 years
- Heat $23,128 indemnity · 1 years
- Other (Snow, Lightning, Etc.) $7,752 indemnity · 1 years
Soybeans 10 years filed
- 0.38Low end of the filed band
- 1.22Middle of the filed band
- 1.85High end of the filed band
- 2015Worst year filed (2.82)
- 10Years filed
- $966,357Premium filed
- $1,098,299Indemnity paid
- $13,488,474Liability insured
- 29,003Quantity planted
- 16,481Quantity lost
- 221Policies
- 221Policies with a loss
- 1.14Loss ratio, whole span
Causes that carried the indemnity in Hancock County
- Excess Moisture/Precipitation/Rain $783,025 indemnity · 10 years
- Drought $188,700 indemnity · 4 years
- Decline in Price $40,086 indemnity · 6 years
- Cold Wet Weather $32,200 indemnity · 4 years
- Wildlife $24,645 indemnity · 2 years
- Insects $17,810 indemnity · 3 years
Every county-crop the agency files in Kentucky → Buy the Hancock 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.