Crop-loss band · Minnesota
Dakota County, Minnesota — crop-loss band
- 1.17Low end of the filed band
- 2.31Middle of the filed band
- 4.02High end of the filed band
- 2016Worst year filed (4.12)
- 10Years filed
Every year the Risk Management Agency has filed for Dakota 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 1.17 at the low end to 4.02 at the high end, with 2.31 in the middle. The worst year filed is 2016, at 4.12. 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 | $168,720 | $678,990 | $1,256,409 | 47 | 47 | 4.02 |
| 2016 | $145,106 | $597,778 | $1,115,917 | 40 | 40 | 4.12 |
| 2017 | $394,575 | $460,219 | $3,880,159 | 117 | 117 | 1.17 |
| 2018 | $940,053 | $1,591,502 | $9,644,227 | 242 | 236 | 1.69 |
| 2019 | $931,765 | $2,404,371 | $8,905,937 | 299 | 299 | 2.58 |
| 2020 | $352,414 | $1,045,029 | $3,292,884 | 120 | 120 | 2.97 |
| 2021 | $1,871,482 | $5,375,637 | $19,942,211 | 344 | 343 | 2.87 |
| 2022 | $2,384,102 | $5,116,120 | $22,288,271 | 323 | 323 | 2.15 |
| 2023 | $3,417,139 | $7,909,220 | $39,286,182 | 485 | 485 | 2.31 |
| 2024 | $2,994,513 | $5,735,393 | $29,854,768 | 401 | 401 | 1.92 |
Commodities insured in Dakota County
3 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
- 1.00Low end of the filed band
- 1.94Middle of the filed band
- 3.10High end of the filed band
- 2020Worst year filed (3.17)
- 10Years filed
- $8,720,472Premium filed
- $20,556,393Indemnity paid
- $96,331,174Liability insured
- 118,834Quantity planted
- 117,665Quantity lost
- 1,148Policies
- 1,147Policies with a loss
- 2.36Loss ratio, whole span
Causes that carried the indemnity in Dakota County
- Drought $8,403,928 indemnity · 7 years
- Excess Moisture/Precipitation/Rain $4,620,034 indemnity · 8 years
- Heat $3,268,672 indemnity · 5 years
- Decline in Price $1,184,578 indemnity · 9 years
- ARPI/SCO/ECO/STAX/MP/HIP WI Crops Only $1,110,384 indemnity · 4 years
- Hail $940,141 indemnity · 5 years
Soybeans 10 years filed
- 1.27Low end of the filed band
- 2.08Middle of the filed band
- 2.67High end of the filed band
- 2020Worst year filed (2.84)
- 10Years filed
- $3,436,863Premium filed
- $6,704,697Indemnity paid
- $34,370,197Liability insured
- 69,294Quantity planted
- 69,392Quantity lost
- 825Policies
- 825Policies with a loss
- 1.95Loss ratio, whole span
Causes that carried the indemnity in Dakota County
- Drought $2,609,395 indemnity · 6 years
- Excess Moisture/Precipitation/Rain $1,869,927 indemnity · 8 years
- Heat $978,898 indemnity · 5 years
- Decline in Price $550,498 indemnity · 8 years
- Cold Wet Weather $267,803 indemnity · 6 years
- Hail $206,273 indemnity · 7 years
Green Peas 10 years filed
- 1.31Low end of the filed band
- 2.21Middle of the filed band
- 4.74High end of the filed band
- 2015Worst year filed (4.91)
- 10Years filed
- $1,442,534Premium filed
- $3,653,169Indemnity paid
- $8,765,594Liability insured
- 23,682Quantity planted
- 23,732Quantity lost
- 445Policies
- 439Policies with a loss
- 2.53Loss ratio, whole span
Causes that carried the indemnity in Dakota County
- Heat $2,078,132 indemnity · 9 years
- Excess Moisture/Precipitation/Rain $1,471,697 indemnity · 7 years
- Cold Wet Weather $91,974 indemnity · 2 years
- Drought $11,366 indemnity · 2 years
Every county-crop the agency files in Minnesota → Buy the Dakota 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.