Crop-loss band · Kentucky
Spencer County, Kentucky — crop-loss band
- 1.52Low end of the filed band
- 2.40Middle of the filed band
- 4.19High end of the filed band
- 2015Worst year filed (4.75)
- 10Years filed
Every year the Risk Management Agency has filed for Spencer 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 1.52 at the low end to 4.19 at the high end, with 2.40 in the middle. The worst year filed is 2015, at 4.75. 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 | $77,018 | $365,841 | $802,926 | 28 | 28 | 4.75 |
| 2016 | $124,695 | $522,157 | $1,293,070 | 24 | 24 | 4.19 |
| 2017 | $46,763 | $169,633 | $427,951 | 14 | 14 | 3.63 |
| 2018 | $137,203 | $495,601 | $1,302,586 | 26 | 25 | 3.61 |
| 2019 | $393,843 | $1,115,291 | $3,863,582 | 73 | 73 | 2.83 |
| 2020 | $88,047 | $211,736 | $788,799 | 18 | 18 | 2.40 |
| 2021 | $50,518 | $97,088 | $399,973 | 9 | 9 | 1.92 |
| 2022 | $257,604 | $528,441 | $2,238,295 | 24 | 24 | 2.05 |
| 2023 | $114,518 | $174,470 | $1,194,489 | 12 | 12 | 1.52 |
| 2024 | $323,800 | $778,664 | $2,938,335 | 51 | 51 | 2.40 |
Commodities insured in Spencer 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.
Soybeans 10 years filed
- 1.06Low end of the filed band
- 1.49Middle of the filed band
- 2.46High end of the filed band
- 2019Worst year filed (2.48)
- 10Years filed
- $955,690Premium filed
- $2,017,335Indemnity paid
- $8,939,280Liability insured
- 21,601Quantity planted
- 21,212Quantity lost
- 134Policies
- 134Policies with a loss
- 2.11Loss ratio, whole span
Causes that carried the indemnity in Spencer County
- Drought $1,173,652 indemnity · 6 years
- Excess Moisture/Precipitation/Rain $694,252 indemnity · 10 years
- ARPI/SCO/ECO/STAX/MP/PACE Crops Only $66,417 indemnity · 1 years
- Plant Disease $32,996 indemnity · 1 years
- Decline in Price $30,842 indemnity · 3 years
- Wildlife $19,176 indemnity · 2 years
Burley Tobacco 8 years filed
- 1.86Low end of the filed band
- 4.41Middle of the filed band
- 6.85High end of the filed band
- 2017Worst year filed (6.85)
- 8Years filed
- $337,040Premium filed
- $1,551,874Indemnity paid
- $2,873,259Liability insured
- 1,075Quantity planted
- 1,087Quantity lost
- 81Policies
- 80Policies with a loss
- 4.60Loss ratio, whole span
Causes that carried the indemnity in Spencer County
- Excess Moisture/Precipitation/Rain $1,079,054 indemnity · 7 years
- Other (Snow, Lightning, Etc.) $193,076 indemnity · 1 years
- Drought $189,286 indemnity · 3 years
- ARPI/SCO/STAX/MP Crops Only $39,835 indemnity · 5 years
- Plant Disease $27,037 indemnity · 1 years
- Heat $22,878 indemnity · 1 years
Corn 9 years filed
- 0.61Low end of the filed band
- 2.24Middle of the filed band
- 4.22High end of the filed band
- 2016Worst year filed (4.22)
- 9Years filed
- $321,279Premium filed
- $889,713Indemnity paid
- $3,437,467Liability insured
- 6,176Quantity planted
- 5,668Quantity lost
- 64Policies
- 64Policies with a loss
- 2.77Loss ratio, whole span
Causes that carried the indemnity in Spencer County
- Drought $654,245 indemnity · 4 years
- Decline in Price $108,575 indemnity · 3 years
- Excess Moisture/Precipitation/Rain $105,406 indemnity · 6 years
- ARPI/SCO/ECO/STAX/MP/PACE Crops Only $14,094 indemnity · 1 years
- Wildlife $6,223 indemnity · 2 years
- Freeze $1,170 indemnity · 1 years
Every county-crop the agency files in Kentucky → Buy the Spencer 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.