Crop-loss band · Michigan
Kent County, Michigan — crop-loss band
- 1.20Low end of the filed band
- 1.78Middle of the filed band
- 2.37High end of the filed band
- 2021Worst year filed (2.58)
- 10Years filed
Every year the Risk Management Agency has filed for Kent 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 1.20 at the low end to 2.37 at the high end, with 1.78 in the middle. The worst year filed is 2021, at 2.58. 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 | $2,831,292 | $5,032,171 | $9,087,951 | 116 | 116 | 1.78 |
| 2016 | $1,251,255 | $1,933,490 | $5,460,191 | 68 | 64 | 1.55 |
| 2017 | $4,944,611 | $7,716,234 | $15,148,640 | 150 | 150 | 1.56 |
| 2018 | $2,460,462 | $2,948,409 | $8,867,833 | 96 | 96 | 1.20 |
| 2019 | $2,474,986 | $5,501,491 | $9,108,068 | 189 | 189 | 2.22 |
| 2020 | $1,333,685 | $2,639,305 | $5,048,259 | 67 | 67 | 1.98 |
| 2021 | $3,397,300 | $8,760,303 | $15,261,820 | 127 | 126 | 2.58 |
| 2022 | $1,192,270 | $2,821,283 | $5,058,208 | 73 | 73 | 2.37 |
| 2023 | $4,050,115 | $8,563,142 | $17,242,564 | 170 | 170 | 2.11 |
| 2024 | $7,913,495 | $13,569,129 | $26,458,237 | 139 | 139 | 1.71 |
Commodities insured in Kent County
4 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.
Apples 10 years filed
- 1.16Low end of the filed band
- 1.78Middle of the filed band
- 2.24High end of the filed band
- 2021Worst year filed (2.63)
- 10Years filed
- $27,881,580Premium filed
- $51,139,970Indemnity paid
- $84,620,637Liability insured
- 11,467Quantity planted
- 11,527Quantity lost
- 526Policies
- 526Policies with a loss
- 1.83Loss ratio, whole span
Causes that carried the indemnity in Kent County
- Freeze $16,366,437 indemnity · 9 years
- Frost $14,608,424 indemnity · 8 years
- Hail $9,117,102 indemnity · 9 years
- Cold Wet Weather $4,147,758 indemnity · 6 years
- Excess Moisture/Precipitation/Rain $3,280,677 indemnity · 6 years
- Other (Snow, Lightning, Etc.) $1,366,101 indemnity · 6 years
Corn 10 years filed
- 1.32Low end of the filed band
- 2.16Middle of the filed band
- 4.16High end of the filed band
- 2022Worst year filed (5.18)
- 10Years filed
- $1,728,852Premium filed
- $4,263,233Indemnity paid
- $14,838,034Liability insured
- 31,844Quantity planted
- 28,824Quantity lost
- 327Policies
- 323Policies with a loss
- 2.47Loss ratio, whole span
Causes that carried the indemnity in Kent County
- Drought $1,607,610 indemnity · 10 years
- Excess Moisture/Precipitation/Rain $1,549,500 indemnity · 10 years
- ARPI/SCO/STAX/MP Crops Only $388,418 indemnity · 2 years
- Decline in Price $251,914 indemnity · 7 years
- Cold Wet Weather $138,407 indemnity · 4 years
- Heat $105,622 indemnity · 5 years
Soybeans 10 years filed
- 0.73Low end of the filed band
- 1.86Middle of the filed band
- 2.36High end of the filed band
- 2019Worst year filed (2.72)
- 10Years filed
- $1,469,367Premium filed
- $2,793,692Indemnity paid
- $11,836,013Liability insured
- 32,843Quantity planted
- 28,803Quantity lost
- 315Policies
- 314Policies with a loss
- 1.90Loss ratio, whole span
Causes that carried the indemnity in Kent County
- Drought $1,420,222 indemnity · 10 years
- Excess Moisture/Precipitation/Rain $852,504 indemnity · 10 years
- Decline in Price $222,673 indemnity · 6 years
- Heat $106,488 indemnity · 4 years
- Cold Wet Weather $59,916 indemnity · 2 years
- Wildlife $45,559 indemnity · 6 years
All Other Crops 9 years filed
- 0.54Low end of the filed band
- 3.32Middle of the filed band
- 4.91High end of the filed band
- 2021Worst year filed (4.91)
- 9Years filed
- $769,673Premium filed
- $1,288,062Indemnity paid
- $5,447,086Liability insured
- 560Quantity planted
- 66Quantity lost
- 27Policies
- 27Policies with a loss
- 1.67Loss ratio, whole span
Causes that carried the indemnity in Kent County
- Excess Moisture/Precipitation/Rain $661,964 indemnity · 4 years
- Cold Wet Weather $155,469 indemnity · 1 years
- Drought $147,950 indemnity · 2 years
- Freeze $102,319 indemnity · 1 years
- Heat $95,426 indemnity · 3 years
- Hail $86,547 indemnity · 2 years
Every county-crop the agency files in Michigan → Buy the Kent 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.