Crop-loss band · Minnesota
Hennepin County, Minnesota — crop-loss band
- 0.40Low end of the filed band
- 1.81Middle of the filed band
- 3.29High end of the filed band
- 2019Worst year filed (4.05)
- 10Years filed
Every year the Risk Management Agency has filed for Hennepin County is in the series below, from 2016 to 2024. Read across those years the county’s annual loss ratio — indemnity divided by premium — runs from 0.40 at the low end to 3.29 at the high end, with 1.81 in the middle. The worst year filed is 2019, at 4.05. 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 | $344 | $551 | $3,606 | 1 | 1 | 1.60 |
| 2016 | $17,730 | $16,808 | $176,359 | 6 | 6 | 0.95 |
| 2017 | $160,012 | $64,269 | $1,562,976 | 36 | 36 | 0.40 |
| 2018 | $106,306 | $89,384 | $909,542 | 20 | 20 | 0.84 |
| 2019 | $436,946 | $1,767,596 | $3,465,870 | 111 | 111 | 4.05 |
| 2020 | $5,062 | $16,636 | $65,441 | 4 | 4 | 3.29 |
| 2021 | $62,946 | $136,435 | $691,987 | 33 | 33 | 2.17 |
| 2022 | $119,367 | $364,341 | $1,250,667 | 20 | 20 | 3.05 |
| 2023 | $262,450 | $474,834 | $2,665,236 | 40 | 40 | 1.81 |
| 2024 | $742,726 | $2,042,758 | $7,824,585 | 127 | 127 | 2.75 |
Commodities insured in Hennepin 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 8 years filed
- 0.29Low end of the filed band
- 1.88Middle of the filed band
- 4.50High end of the filed band
- 2019Worst year filed (4.50)
- 8Years filed
- $1,306,583Premium filed
- $3,697,546Indemnity paid
- $12,650,364Liability insured
- 20,497Quantity planted
- 19,164Quantity lost
- 234Policies
- 234Policies with a loss
- 2.83Loss ratio, whole span
Causes that carried the indemnity in Hennepin County
- Excess Moisture/Precipitation/Rain $2,594,170 indemnity · 6 years
- Drought $606,000 indemnity · 5 years
- ARPI/SCO/ECO/STAX/MP/HIP-WI/PACE Crops Only $193,139 indemnity · 2 years
- Cold Wet Weather $143,509 indemnity · 3 years
- Decline in Price $123,194 indemnity · 3 years
- Other (Snow, Lightning, Etc.) $19,108 indemnity · 2 years
Soybeans 10 years filed
- 0.46Low end of the filed band
- 1.60Middle of the filed band
- 3.29High end of the filed band
- 2016Worst year filed (3.52)
- 10Years filed
- $607,306Premium filed
- $1,276,066Indemnity paid
- $5,965,905Liability insured
- 13,989Quantity planted
- 13,470Quantity lost
- 164Policies
- 164Policies with a loss
- 2.10Loss ratio, whole span
Causes that carried the indemnity in Hennepin County
- Excess Moisture/Precipitation/Rain $976,904 indemnity · 7 years
- Decline in Price $82,816 indemnity · 3 years
- Drought $60,324 indemnity · 6 years
- ARPI/SCO/ECO/STAX/MP/PACE Crops Only $42,135 indemnity · 1 years
- Cold Wet Weather $40,394 indemnity · 3 years
- Hail $26,885 indemnity · 2 years
Every county-crop the agency files in Minnesota → Buy the Hennepin 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.