Crop-loss band · Michigan
Oceana County, Michigan — crop-loss band
- 1.39Low end of the filed band
- 2.09Middle of the filed band
- 2.61High end of the filed band
- 2019Worst year filed (3.47)
- 10Years filed
Every year the Risk Management Agency has filed for Oceana 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 1.39 at the low end to 2.61 at the high end, with 2.09 in the middle. The worst year filed is 2019, at 3.47. 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 | $592,054 | $1,270,506 | $3,063,883 | 58 | 58 | 2.15 |
| 2016 | $223,379 | $420,195 | $796,379 | 30 | 30 | 1.88 |
| 2017 | $838,956 | $1,751,797 | $4,055,214 | 77 | 77 | 2.09 |
| 2018 | $528,499 | $1,325,357 | $4,394,307 | 78 | 78 | 2.51 |
| 2019 | $1,068,648 | $3,713,030 | $6,431,331 | 141 | 140 | 3.47 |
| 2020 | $715,007 | $1,584,105 | $4,341,043 | 72 | 72 | 2.22 |
| 2021 | $927,815 | $2,418,764 | $3,958,012 | 67 | 67 | 2.61 |
| 2022 | $585,543 | $813,364 | $2,611,374 | 47 | 47 | 1.39 |
| 2023 | $2,148,174 | $3,439,239 | $10,263,499 | 101 | 101 | 1.60 |
| 2024 | $2,067,534 | $3,764,712 | $9,772,865 | 140 | 140 | 1.82 |
Commodities insured in Oceana 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.
Cherries 10 years filed
- 1.40Low end of the filed band
- 2.75Middle of the filed band
- 4.65High end of the filed band
- 2017Worst year filed (4.71)
- 10Years filed
- $3,171,114Premium filed
- $8,695,370Indemnity paid
- $19,182,563Liability insured
- 14,686Quantity planted
- 14,717Quantity lost
- 291Policies
- 291Policies with a loss
- 2.74Loss ratio, whole span
Causes that carried the indemnity in Oceana County
- Frost $2,780,732 indemnity · 7 years
- Decline in Price $2,002,395 indemnity · 6 years
- Freeze $1,460,082 indemnity · 7 years
- Cold Wet Weather $1,296,890 indemnity · 4 years
- Wind/Excess Wind $321,992 indemnity · 2 years
- Excess Moisture/Precipitation/Rain $270,230 indemnity · 6 years
Apples 10 years filed
- 0.67Low end of the filed band
- 1.26Middle of the filed band
- 2.02High end of the filed band
- 2021Worst year filed (2.53)
- 10Years filed
- $5,076,206Premium filed
- $8,303,787Indemnity paid
- $17,504,662Liability insured
- 3,368Quantity planted
- 3,396Quantity lost
- 206Policies
- 205Policies with a loss
- 1.64Loss ratio, whole span
Causes that carried the indemnity in Oceana County
- Freeze $2,827,980 indemnity · 8 years
- Frost $2,643,703 indemnity · 8 years
- Hail $966,363 indemnity · 5 years
- Excess Moisture/Precipitation/Rain $443,206 indemnity · 5 years
- Cold Wet Weather $432,599 indemnity · 2 years
- ARPI/SCO/ECO/STAX/MP/HIP WI Crops Only $350,694 indemnity · 1 years
Corn 10 years filed
- 1.18Low end of the filed band
- 2.69Middle of the filed band
- 3.32High end of the filed band
- 2019Worst year filed (4.32)
- 10Years filed
- $1,045,057Premium filed
- $2,465,413Indemnity paid
- $9,416,275Liability insured
- 22,082Quantity planted
- 22,684Quantity lost
- 191Policies
- 191Policies with a loss
- 2.36Loss ratio, whole span
Causes that carried the indemnity in Oceana County
- Excess Moisture/Precipitation/Rain $1,032,642 indemnity · 9 years
- Drought $742,903 indemnity · 10 years
- Decline in Price $195,854 indemnity · 6 years
- Heat $179,134 indemnity · 3 years
- Wildlife $111,113 indemnity · 9 years
- ARPI/SCO/ECO/STAX/MP/HIP-WI/PACE Crops Only $103,172 indemnity · 2 years
Soybeans 10 years filed
- 1.32Low end of the filed band
- 2.50Middle of the filed band
- 3.27High end of the filed band
- 2019Worst year filed (3.95)
- 10Years filed
- $403,232Premium filed
- $1,036,499Indemnity paid
- $3,584,407Liability insured
- 12,371Quantity planted
- 12,587Quantity lost
- 123Policies
- 123Policies with a loss
- 2.57Loss ratio, whole span
Causes that carried the indemnity in Oceana County
- Drought $420,708 indemnity · 9 years
- Excess Moisture/Precipitation/Rain $282,300 indemnity · 7 years
- Wildlife $80,254 indemnity · 7 years
- Decline in Price $77,892 indemnity · 5 years
- Heat $64,286 indemnity · 5 years
- Other (Snow, Lightning, Etc.) $54,741 indemnity · 2 years
Every county-crop the agency files in Michigan → Buy the Oceana 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.