Crop-loss band · Minnesota
Benton County, Minnesota — crop-loss band
- 0.46Low end of the filed band
- 1.48Middle of the filed band
- 2.54High end of the filed band
- 2021Worst year filed (2.56)
- 10Years filed
Every year the Risk Management Agency has filed for Benton 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 0.46 at the low end to 2.54 at the high end, with 1.48 in the middle. The worst year filed is 2021, at 2.56. 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 | $264,504 | $287,807 | $1,125,083 | 31 | 31 | 1.09 |
| 2016 | $51,164 | $23,388 | $249,401 | 14 | 14 | 0.46 |
| 2017 | $2,026,345 | $3,187,981 | $11,848,761 | 280 | 280 | 1.57 |
| 2018 | $245,081 | $361,807 | $1,583,587 | 63 | 63 | 1.48 |
| 2019 | $3,165,023 | $8,044,150 | $17,309,144 | 560 | 560 | 2.54 |
| 2020 | $125,719 | $184,155 | $728,842 | 22 | 22 | 1.46 |
| 2021 | $4,165,088 | $10,682,976 | $23,531,858 | 539 | 539 | 2.56 |
| 2022 | $911,097 | $1,085,598 | $4,633,521 | 104 | 104 | 1.19 |
| 2023 | $6,937,112 | $16,825,864 | $39,848,989 | 658 | 658 | 2.43 |
| 2024 | $820,229 | $1,567,667 | $3,772,867 | 159 | 159 | 1.91 |
Commodities insured in Benton 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.
Corn 10 years filed
- 0.34Low end of the filed band
- 1.56Middle of the filed band
- 2.52High end of the filed band
- 2021Worst year filed (2.63)
- 10Years filed
- $15,092,284Premium filed
- $34,511,742Indemnity paid
- $80,191,214Liability insured
- 149,281Quantity planted
- 146,641Quantity lost
- 1,650Policies
- 1,650Policies with a loss
- 2.29Loss ratio, whole span
Causes that carried the indemnity in Benton County
- Drought $22,426,930 indemnity · 6 years
- Excess Moisture/Precipitation/Rain $9,760,675 indemnity · 9 years
- Cold Wet Weather $1,267,570 indemnity · 6 years
- ARPI/SCO/STAX/MP Crops Only $572,446 indemnity · 4 years
- Heat $229,597 indemnity · 4 years
- Inability to Prepare Land for Irrigation $135,732 indemnity · 1 years
Soybeans 10 years filed
- 1.10Low end of the filed band
- 2.21Middle of the filed band
- 2.53High end of the filed band
- 2019Worst year filed (2.68)
- 10Years filed
- $3,619,079Premium filed
- $7,739,651Indemnity paid
- $24,440,839Liability insured
- 66,580Quantity planted
- 65,815Quantity lost
- 780Policies
- 780Policies with a loss
- 2.14Loss ratio, whole span
Causes that carried the indemnity in Benton County
- Drought $4,842,845 indemnity · 7 years
- Excess Moisture/Precipitation/Rain $2,208,862 indemnity · 8 years
- Cold Wet Weather $395,117 indemnity · 4 years
- Heat $116,880 indemnity · 5 years
- Decline in Price $51,267 indemnity · 5 years
- Hail $47,386 indemnity · 3 years
Every county-crop the agency files in Minnesota → Buy the Benton 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.