Crop-loss band · Maryland
Somerset County, Maryland — crop-loss band
- 0.75Low end of the filed band
- 2.56Middle of the filed band
- 3.02High end of the filed band
- 2020Worst year filed (3.08)
- 10Years filed
Every year the Risk Management Agency has filed for Somerset 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 0.75 at the low end to 3.02 at the high end, with 2.56 in the middle. The worst year filed is 2020, at 3.08. 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 | $95,792 | $249,149 | $1,007,053 | 60 | 58 | 2.60 |
| 2016 | $239,216 | $363,041 | $2,322,207 | 94 | 92 | 1.52 |
| 2017 | $144,813 | $108,422 | $1,466,832 | 55 | 55 | 0.75 |
| 2018 | $222,817 | $614,339 | $2,818,698 | 82 | 82 | 2.76 |
| 2019 | $43,857 | $132,470 | $496,530 | 40 | 40 | 3.02 |
| 2020 | $157,366 | $484,560 | $1,903,055 | 73 | 73 | 3.08 |
| 2021 | $37,915 | $96,927 | $471,991 | 23 | 23 | 2.56 |
| 2022 | $262,026 | $750,719 | $3,187,457 | 72 | 72 | 2.87 |
| 2023 | $78,188 | $195,400 | $1,003,513 | 36 | 36 | 2.50 |
| 2024 | $106,856 | $168,123 | $1,519,870 | 62 | 62 | 1.57 |
Commodities insured in Somerset 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.
Soybeans 10 years filed
- 1.53Low end of the filed band
- 2.36Middle of the filed band
- 3.87High end of the filed band
- 2023Worst year filed (4.62)
- 10Years filed
- $629,592Premium filed
- $1,745,326Indemnity paid
- $7,907,830Liability insured
- 23,876Quantity planted
- 19,102Quantity lost
- 350Policies
- 346Policies with a loss
- 2.77Loss ratio, whole span
Causes that carried the indemnity in Somerset County
- Drought $608,374 indemnity · 8 years
- Excess Moisture/Precipitation/Rain $530,581 indemnity · 10 years
- Wildlife $325,842 indemnity · 10 years
- Heat $238,257 indemnity · 4 years
- Decline in Price $29,577 indemnity · 7 years
- Insects $7,709 indemnity · 1 years
Corn 10 years filed
- 0.63Low end of the filed band
- 1.95Middle of the filed band
- 3.57High end of the filed band
- 2020Worst year filed (3.64)
- 10Years filed
- $759,254Premium filed
- $1,417,824Indemnity paid
- $8,289,376Liability insured
- 17,765Quantity planted
- 14,604Quantity lost
- 247Policies
- 247Policies with a loss
- 1.87Loss ratio, whole span
Causes that carried the indemnity in Somerset County
- Excess Moisture/Precipitation/Rain $574,571 indemnity · 10 years
- Drought $435,095 indemnity · 8 years
- Heat $202,482 indemnity · 4 years
- Wildlife $174,919 indemnity · 9 years
- Cold Wet Weather $18,797 indemnity · 3 years
- Decline in Price $11,426 indemnity · 6 years
Every county-crop the agency files in Maryland → Buy the Somerset 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.