Crop-loss band · Minnesota
Freeborn County, Minnesota — crop-loss band
- 1.42Low end of the filed band
- 2.14Middle of the filed band
- 3.35High end of the filed band
- 2016Worst year filed (3.67)
- 10Years filed
Every year the Risk Management Agency has filed for Freeborn 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 1.42 at the low end to 3.35 at the high end, with 2.14 in the middle. The worst year filed is 2016, at 3.67. 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 | $507,457 | $1,194,701 | $7,421,834 | 154 | 154 | 2.35 |
| 2016 | $494,018 | $1,813,479 | $6,429,825 | 173 | 170 | 3.67 |
| 2017 | $453,140 | $645,291 | $7,538,290 | 146 | 146 | 1.42 |
| 2018 | $3,284,677 | $7,721,143 | $61,245,025 | 800 | 800 | 2.35 |
| 2019 | $2,196,291 | $7,354,186 | $40,226,412 | 756 | 754 | 3.35 |
| 2020 | $535,283 | $1,166,300 | $8,704,141 | 170 | 168 | 2.18 |
| 2021 | $819,095 | $1,576,725 | $9,965,348 | 174 | 174 | 1.93 |
| 2022 | $401,323 | $811,821 | $4,463,122 | 71 | 71 | 2.02 |
| 2023 | $11,906,334 | $25,488,199 | $183,301,354 | 1,277 | 1,277 | 2.14 |
| 2024 | $9,648,055 | $20,132,779 | $142,813,350 | 1,131 | 1,131 | 2.09 |
Commodities insured in Freeborn 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.
Corn 10 years filed
- 1.17Low end of the filed band
- 2.62Middle of the filed band
- 3.50High end of the filed band
- 2019Worst year filed (3.72)
- 10Years filed
- $19,335,822Premium filed
- $46,086,214Indemnity paid
- $319,775,341Liability insured
- 384,396Quantity planted
- 370,353Quantity lost
- 2,413Policies
- 2,409Policies with a loss
- 2.38Loss ratio, whole span
Causes that carried the indemnity in Freeborn County
- Excess Moisture/Precipitation/Rain $19,793,974 indemnity · 10 years
- Drought $14,866,718 indemnity · 6 years
- Decline in Price $5,243,279 indemnity · 7 years
- ARPI/SCO/STAX/MP Crops Only $2,942,443 indemnity · 3 years
- Cold Wet Weather $1,331,318 indemnity · 10 years
- Hail $1,011,759 indemnity · 8 years
Soybeans 10 years filed
- 0.82Low end of the filed band
- 1.47Middle of the filed band
- 2.70High end of the filed band
- 2016Worst year filed (2.85)
- 10Years filed
- $9,878,446Premium filed
- $18,377,284Indemnity paid
- $146,422,349Liability insured
- 277,251Quantity planted
- 253,813Quantity lost
- 2,156Policies
- 2,153Policies with a loss
- 1.86Loss ratio, whole span
Causes that carried the indemnity in Freeborn County
- Excess Moisture/Precipitation/Rain $8,817,044 indemnity · 10 years
- Drought $4,583,726 indemnity · 7 years
- Decline in Price $2,347,501 indemnity · 7 years
- Hail $871,309 indemnity · 10 years
- ARPI/SCO/ECO/STAX/MP/HIP-WI/PACE Crops Only $810,594 indemnity · 2 years
- Cold Wet Weather $457,450 indemnity · 8 years
Sweet Corn 10 years filed
- 2.42Low end of the filed band
- 3.43Middle of the filed band
- 8.27High end of the filed band
- 2016Worst year filed (9.60)
- 10Years filed
- $404,341Premium filed
- $1,991,144Indemnity paid
- $2,906,273Liability insured
- 7,203Quantity planted
- 7,204Quantity lost
- 197Policies
- 197Policies with a loss
- 4.92Loss ratio, whole span
Causes that carried the indemnity in Freeborn County
- Heat $810,705 indemnity · 8 years
- Excess Moisture/Precipitation/Rain $793,035 indemnity · 9 years
- Cold Wet Weather $111,309 indemnity · 4 years
- XX $76,828 indemnity · 3 years
- Drought $67,679 indemnity · 2 years
- Wind/Excess Wind $53,569 indemnity · 2 years
Potatoes 9 years filed
- 0.49Low end of the filed band
- 1.69Middle of the filed band
- 3.36High end of the filed band
- 2016Worst year filed (3.36)
- 9Years filed
- $627,064Premium filed
- $1,449,982Indemnity paid
- $3,004,738Liability insured
- 1,655Quantity planted
- 1,655Quantity lost
- 86Policies
- 86Policies with a loss
- 2.31Loss ratio, whole span
Causes that carried the indemnity in Freeborn County
- Excess Moisture/Precipitation/Rain $958,038 indemnity · 7 years
- Flood $414,008 indemnity · 1 years
- Cold Wet Weather $41,176 indemnity · 1 years
- Drought $20,349 indemnity · 2 years
- Other (Snow, Lightning, Etc.) $16,411 indemnity · 1 years
Every county-crop the agency files in Minnesota → Buy the Freeborn 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.