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Crop-loss band · Kentucky
Hickman County, Kentucky — crop-loss band
- 0.59Low end of the band
- 2.11Middle of the band
- 2.74High end of the band
- 2015Worst year (2.88)
- 10Years filed
Hickman County by filed year
| Year | Premium | Indemnity | Liability | Policies | Policies with a loss | Loss ratio |
|---|---|---|---|---|---|---|
| 2015 | $376,161 | $1,082,356 | $3,412,262 | 101 | 101 | 2.88 |
| 2016 | $568,961 | $476,137 | $5,695,504 | 97 | 97 | 0.84 |
| 2017 | $621,185 | $1,368,926 | $5,834,778 | 105 | 105 | 2.20 |
| 2018 | $741,157 | $1,560,413 | $7,547,680 | 102 | 102 | 2.11 |
| 2019 | $1,075,608 | $2,608,772 | $8,250,170 | 167 | 167 | 2.43 |
| 2020 | $601,215 | $1,114,175 | $6,152,010 | 111 | 111 | 1.85 |
| 2021 | $883,866 | $519,389 | $9,705,625 | 80 | 80 | 0.59 |
| 2022 | $3,234,588 | $8,053,336 | $34,384,072 | 195 | 195 | 2.49 |
| 2023 | $822,319 | $2,255,170 | $5,387,359 | 90 | 90 | 2.74 |
| 2024 | $2,294,924 | $4,635,638 | $22,707,526 | 269 | 269 | 2.02 |
3 commodities insured in Hickman County
| Commodity | Years | Low | Middle | High | Worst year | Whole span |
|---|---|---|---|---|---|---|
| Corn | 10 | 0.31 | 2.19 | 3.22 | 2017 (3.33) | 2.26 |
| Soybeans | 10 | 0.68 | 1.56 | 2.93 | 2023 (4.58) | 1.86 |
| Wheat | 10 | 0.43 | 2.62 | 3.72 | 2021 (4.20) | 2.54 |
| Commodity | Premium | Indemnity | Liability | Planted | Lost | Policies | With a loss |
|---|---|---|---|---|---|---|---|
| Corn | $6,304,562 | $14,245,055 | $55,281,967 | 90,343 | 72,205 | 594 | 594 |
| Soybeans | $4,459,060 | $8,271,595 | $50,978,681 | 117,064 | 84,983 | 663 | 663 |
| Wheat | $456,362 | $1,157,662 | $2,816,338 | 10,360 | 10,363 | 60 | 60 |
Causes that carried Hickman County’s indemnity
Corn
- Drought $5,853,385 indemnity · 4 years
- Excess Moisture/Precipitation/Rain $4,527,201 indemnity · 10 years
- ARPI/SCO/ECO/STAX/MP/HIP-WI/PACE Crops Only $1,854,509 indemnity · 3 years
- Flood $1,060,381 indemnity · 7 years
- Heat $466,198 indemnity · 5 years
- Decline in Price $275,570 indemnity · 8 years
Soybeans
- Excess Moisture/Precipitation/Rain $3,028,832 indemnity · 10 years
- Drought $2,583,123 indemnity · 5 years
- Flood $960,707 indemnity · 7 years
- ARPI/SCO/ECO/STAX/MP/HIP-WI/PACE Crops Only $740,646 indemnity · 2 years
- Decline in Price $487,364 indemnity · 4 years
- Heat $389,839 indemnity · 3 years
Wheat
- Excess Moisture/Precipitation/Rain $1,062,953 indemnity · 9 years
- Cold Wet Weather $50,070 indemnity · 3 years
- Drought $26,886 indemnity · 2 years
- ARPI/SCO/ECO/STAX/MP/PACE Crops Only $12,058 indemnity · 1 years
- Decline in Price $3,894 indemnity · 3 years
- Flood $1,801 indemnity · 1 years
All county-crop bands in Kentucky →
Source: USDA Risk Management Agency, Cause of Loss Summary of Business. Methodology.