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Crop-loss band · Michigan
Mecosta County, Michigan — crop-loss band
- 1.70Low end of the band
- 2.05Middle of the band
- 2.42High end of the band
- 2022Worst year (2.49)
- 10Years filed
Mecosta County by filed year
| Year | Premium | Indemnity | Liability | Policies | Policies with a loss | Loss ratio |
|---|---|---|---|---|---|---|
| 2015 | $238,194 | $448,090 | $1,220,956 | 66 | 66 | 1.88 |
| 2016 | $132,826 | $233,370 | $584,270 | 38 | 38 | 1.76 |
| 2017 | $229,255 | $389,160 | $1,244,181 | 61 | 61 | 1.70 |
| 2018 | $304,701 | $674,445 | $1,711,034 | 65 | 65 | 2.21 |
| 2019 | $297,892 | $707,856 | $1,548,525 | 93 | 93 | 2.38 |
| 2020 | $260,951 | $610,080 | $1,616,772 | 53 | 53 | 2.34 |
| 2021 | $77,637 | $187,842 | $494,436 | 24 | 24 | 2.42 |
| 2022 | $281,879 | $702,621 | $1,843,373 | 46 | 46 | 2.49 |
| 2023 | $509,303 | $1,041,518 | $4,045,748 | 62 | 62 | 2.05 |
| 2024 | $291,640 | $529,357 | $2,457,988 | 41 | 41 | 1.82 |
2 commodities insured in Mecosta County
| Commodity | Years | Low | Middle | High | Worst year | Whole span |
|---|---|---|---|---|---|---|
| Corn | 10 | 1.24 | 1.84 | 2.29 | 2022 (2.45) | 1.88 |
| Soybeans | 10 | 2.07 | 2.93 | 3.76 | 2019 (4.01) | 3.04 |
| Commodity | Premium | Indemnity | Liability | Planted | Lost | Policies | With a loss |
|---|---|---|---|---|---|---|---|
| Corn | $2,112,343 | $3,968,504 | $13,414,279 | 27,225 | 30,114 | 357 | 357 |
| Soybeans | $511,935 | $1,555,835 | $3,353,004 | 12,359 | 12,447 | 192 | 192 |
Causes that carried Mecosta County’s indemnity
Corn
- Drought $1,595,106 indemnity · 9 years
- Excess Moisture/Precipitation/Rain $1,039,579 indemnity · 9 years
- ARPI/SCO/STAX/MP Crops Only $420,756 indemnity · 5 years
- Wildlife $365,997 indemnity · 9 years
- Decline in Price $202,151 indemnity · 7 years
- Heat $174,723 indemnity · 6 years
Soybeans
- Drought $626,786 indemnity · 9 years
- Excess Moisture/Precipitation/Rain $364,670 indemnity · 10 years
- Wildlife $216,971 indemnity · 9 years
- Cold Wet Weather $123,208 indemnity · 3 years
- Heat $117,914 indemnity · 3 years
- Decline in Price $70,366 indemnity · 5 years
All county-crop bands in Michigan →
Source: USDA Risk Management Agency, Cause of Loss Summary of Business. Methodology.