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Crop-loss band · Michigan
Menominee County, Michigan — crop-loss band
- 1.52Low end of the band
- 1.76Middle of the band
- 2.27High end of the band
- 2017Worst year (2.42)
- 10Years filed
Menominee County by filed year
| Year | Premium | Indemnity | Liability | Policies | Policies with a loss | Loss ratio |
|---|---|---|---|---|---|---|
| 2015 | $159,667 | $243,494 | $328,789 | 40 | 40 | 1.53 |
| 2016 | $311,318 | $473,842 | $1,007,739 | 26 | 26 | 1.52 |
| 2017 | $898,834 | $2,174,612 | $2,988,478 | 89 | 89 | 2.42 |
| 2018 | $48,457 | $85,096 | $163,984 | 12 | 12 | 1.76 |
| 2019 | $1,053,891 | $2,275,638 | $3,740,009 | 80 | 80 | 2.16 |
| 2020 | $52,309 | $100,475 | $147,883 | 14 | 14 | 1.92 |
| 2021 | $479,737 | $1,090,084 | $1,879,450 | 26 | 26 | 2.27 |
| 2022 | $1,651,475 | $3,103,653 | $6,842,409 | 58 | 58 | 1.88 |
| 2023 | $295,079 | $520,098 | $1,253,020 | 36 | 36 | 1.76 |
| 2024 | $1,402,465 | $2,379,355 | $5,043,101 | 53 | 53 | 1.70 |
3 commodities insured in Menominee County
| Commodity | Years | Low | Middle | High | Worst year | Whole span |
|---|---|---|---|---|---|---|
| Corn | 10 | 0.60 | 1.57 | 2.16 | 2017 (2.39) | 1.83 |
| Soybeans | 10 | 1.70 | 2.13 | 2.85 | 2022 (3.87) | 2.57 |
| Forage Production | 9 | 1.13 | 2.44 | 4.23 | 2016 (4.23) | 2.85 |
| Commodity | Premium | Indemnity | Liability | Planted | Lost | Policies | With a loss |
|---|---|---|---|---|---|---|---|
| Corn | $5,350,800 | $9,766,050 | $18,560,670 | 48,872 | 48,971 | 271 | 271 |
| Soybeans | $625,172 | $1,604,642 | $2,732,617 | 11,287 | 11,301 | 93 | 93 |
| Forage Production | $377,260 | $1,075,655 | $2,101,575 | 8,279 | 8,042 | 70 | 70 |
Causes that carried Menominee County’s indemnity
Corn
- Excess Moisture/Precipitation/Rain $4,481,913 indemnity · 9 years
- Drought $3,208,463 indemnity · 8 years
- Heat $1,667,740 indemnity · 3 years
- Decline in Price $191,689 indemnity · 5 years
- Hot Wind $67,676 indemnity · 2 years
- Insects $41,651 indemnity · 1 years
Soybeans
- Excess Moisture/Precipitation/Rain $629,907 indemnity · 10 years
- Drought $622,281 indemnity · 8 years
- Wildlife $157,718 indemnity · 7 years
- Hot Wind $72,652 indemnity · 2 years
- Hail $50,606 indemnity · 1 years
- Cold Wet Weather $34,554 indemnity · 3 years
Forage Production
- Drought $914,489 indemnity · 6 years
- Cold Wet Weather $76,591 indemnity · 3 years
- Excess Moisture/Precipitation/Rain $73,162 indemnity · 6 years
- Heat $7,343 indemnity · 1 years
- Wildlife $4,072 indemnity · 1 years
All county-crop bands in Michigan →
Source: USDA Risk Management Agency, Cause of Loss Summary of Business. Methodology.