Crop-loss band · Minnesota
Hubbard County, Minnesota — crop-loss band
- 2.08Low end of the filed band
- 3.82Middle of the filed band
- 4.45High end of the filed band
- 2019Worst year filed (6.65)
- 10Years filed
Every year the Risk Management Agency has filed for Hubbard 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 2.08 at the low end to 4.45 at the high end, with 3.82 in the middle. The worst year filed is 2019, at 6.65. 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 | $86,601 | $357,413 | $717,733 | 7 | 7 | 4.13 |
| 2016 | $92,283 | $253,174 | $908,119 | 4 | 4 | 2.74 |
| 2017 | $44,441 | $197,726 | $321,594 | 14 | 14 | 4.45 |
| 2018 | $32,574 | $67,633 | $249,223 | 9 | 9 | 2.08 |
| 2019 | $64,090 | $426,086 | $588,557 | 6 | 6 | 6.65 |
| 2020 | $101,192 | $434,573 | $1,057,311 | 9 | 9 | 4.29 |
| 2021 | $127,438 | $486,226 | $945,958 | 29 | 29 | 3.82 |
| 2022 | $106,311 | $312,619 | $1,016,673 | 12 | 12 | 2.94 |
| 2023 | $162,072 | $714,395 | $1,268,572 | 29 | 29 | 4.41 |
| 2024 | $158,990 | $456,821 | $1,644,933 | 25 | 25 | 2.87 |
Commodities insured in Hubbard 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.
Dry Beans 10 years filed
- 1.40Low end of the filed band
- 3.71Middle of the filed band
- 5.01High end of the filed band
- 2019Worst year filed (7.00)
- 10Years filed
- $494,134Premium filed
- $2,045,035Indemnity paid
- $4,920,370Liability insured
- 6,858Quantity planted
- 6,853Quantity lost
- 38Policies
- 38Policies with a loss
- 4.14Loss ratio, whole span
Causes that carried the indemnity in Hubbard County
- Excess Moisture/Precipitation/Rain $843,587 indemnity · 6 years
- Hail $658,018 indemnity · 6 years
- Drought $144,154 indemnity · 2 years
- Cold Wet Weather $134,836 indemnity · 3 years
- Heat $125,596 indemnity · 3 years
- Frost $109,665 indemnity · 1 years
Corn 10 years filed
- 0.24Low end of the filed band
- 2.77Middle of the filed band
- 3.86High end of the filed band
- 2023Worst year filed (4.62)
- 10Years filed
- $481,858Premium filed
- $1,661,631Indemnity paid
- $3,798,303Liability insured
- 8,357Quantity planted
- 8,266Quantity lost
- 106Policies
- 106Policies with a loss
- 3.45Loss ratio, whole span
Causes that carried the indemnity in Hubbard County
- Drought $926,528 indemnity · 9 years
- Excess Moisture/Precipitation/Rain $252,438 indemnity · 3 years
- Hot Wind $230,172 indemnity · 2 years
- Cold Wet Weather $70,384 indemnity · 4 years
- Decline in Price $52,986 indemnity · 3 years
- Freeze $49,770 indemnity · 1 years
Every county-crop the agency files in Minnesota → Buy the Hubbard 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.