Crop-loss band · Minnesota
Goodhue County, Minnesota — crop-loss band
- 1.35Low end of the filed band
- 2.27Middle of the filed band
- 2.56High end of the filed band
- 2022Worst year filed (2.68)
- 10Years filed
Every year the Risk Management Agency has filed for Goodhue 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 1.35 at the low end to 2.56 at the high end, with 2.27 in the middle. The worst year filed is 2022, at 2.68. 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 | $289,052 | $724,842 | $4,180,618 | 108 | 108 | 2.51 |
| 2016 | $603,778 | $1,275,834 | $10,655,541 | 156 | 155 | 2.11 |
| 2017 | $678,634 | $914,428 | $9,266,046 | 204 | 204 | 1.35 |
| 2018 | $1,973,959 | $3,457,340 | $32,005,383 | 539 | 539 | 1.75 |
| 2019 | $1,292,589 | $3,310,228 | $18,724,813 | 383 | 381 | 2.56 |
| 2020 | $325,844 | $786,374 | $4,575,688 | 141 | 141 | 2.41 |
| 2021 | $458,522 | $1,139,806 | $5,964,030 | 132 | 131 | 2.49 |
| 2022 | $424,623 | $1,138,437 | $5,215,839 | 118 | 118 | 2.68 |
| 2023 | $5,373,581 | $9,481,502 | $89,494,245 | 839 | 839 | 1.76 |
| 2024 | $6,148,427 | $13,986,781 | $89,442,031 | 1,129 | 1,129 | 2.27 |
Commodities insured in Goodhue 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
- 1.12Low end of the filed band
- 2.15Middle of the filed band
- 2.94High end of the filed band
- 2019Worst year filed (3.04)
- 10Years filed
- $11,652,622Premium filed
- $24,977,087Indemnity paid
- $192,262,699Liability insured
- 222,027Quantity planted
- 223,553Quantity lost
- 2,090Policies
- 2,090Policies with a loss
- 2.14Loss ratio, whole span
Causes that carried the indemnity in Goodhue County
- Excess Moisture/Precipitation/Rain $9,628,531 indemnity · 10 years
- Drought $6,803,042 indemnity · 7 years
- Decline in Price $3,175,583 indemnity · 8 years
- ARPI/SCO/STAX/MP Crops Only $2,081,021 indemnity · 3 years
- Wind/Excess Wind $1,539,851 indemnity · 7 years
- Cold Wet Weather $491,907 indemnity · 9 years
Soybeans 10 years filed
- 1.31Low end of the filed band
- 1.80Middle of the filed band
- 2.80High end of the filed band
- 2020Worst year filed (2.82)
- 10Years filed
- $5,564,017Premium filed
- $10,179,283Indemnity paid
- $74,842,976Liability insured
- 139,867Quantity planted
- 138,246Quantity lost
- 1,523Policies
- 1,521Policies with a loss
- 1.83Loss ratio, whole span
Causes that carried the indemnity in Goodhue County
- Excess Moisture/Precipitation/Rain $4,226,447 indemnity · 9 years
- Drought $2,807,435 indemnity · 7 years
- Decline in Price $1,344,635 indemnity · 6 years
- ARPI/SCO/ECO/STAX/MP/HIP-WI/PACE Crops Only $627,252 indemnity · 2 years
- Cold Wet Weather $401,289 indemnity · 6 years
- Hail $306,270 indemnity · 8 years
Green Peas 10 years filed
- 0.53Low end of the filed band
- 2.53Middle of the filed band
- 5.04High end of the filed band
- 2022Worst year filed (6.16)
- 10Years filed
- $352,371Premium filed
- $1,059,202Indemnity paid
- $2,418,559Liability insured
- 5,368Quantity planted
- 5,394Quantity lost
- 136Policies
- 134Policies with a loss
- 3.01Loss ratio, whole span
Causes that carried the indemnity in Goodhue County
- Excess Moisture/Precipitation/Rain $507,418 indemnity · 6 years
- Heat $471,003 indemnity · 7 years
- Drought $68,563 indemnity · 2 years
- Cold Wet Weather $12,218 indemnity · 2 years
Every county-crop the agency files in Minnesota → Buy the Goodhue 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.