Crop-loss band · Minnesota
Kanabec County, Minnesota — crop-loss band
- 1.32Low end of the filed band
- 2.06Middle of the filed band
- 2.58High end of the filed band
- 2016Worst year filed (2.62)
- 10Years filed
Every year the Risk Management Agency has filed for Kanabec 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 1.32 at the low end to 2.58 at the high end, with 2.06 in the middle. The worst year filed is 2016, at 2.62. 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 | $42,486 | $60,053 | $193,368 | 8 | 8 | 1.41 |
| 2016 | $28,387 | $74,423 | $154,142 | 7 | 7 | 2.62 |
| 2017 | $224,901 | $353,413 | $1,176,889 | 43 | 43 | 1.57 |
| 2018 | $72,553 | $162,089 | $461,085 | 16 | 16 | 2.23 |
| 2019 | $518,463 | $1,091,142 | $2,639,942 | 88 | 87 | 2.10 |
| 2020 | $31,863 | $82,131 | $171,379 | 6 | 6 | 2.58 |
| 2021 | $1,406,685 | $2,897,295 | $8,791,172 | 113 | 113 | 2.06 |
| 2022 | $237,528 | $463,548 | $1,010,847 | 32 | 32 | 1.95 |
| 2023 | $823,590 | $1,087,884 | $5,427,237 | 74 | 74 | 1.32 |
| 2024 | $422,197 | $1,078,802 | $2,290,408 | 73 | 73 | 2.56 |
Commodities insured in Kanabec 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 10 years filed
- 1.12Low end of the filed band
- 2.11Middle of the filed band
- 2.54High end of the filed band
- 2016Worst year filed (3.01)
- 10Years filed
- $2,421,672Premium filed
- $4,743,829Indemnity paid
- $13,934,070Liability insured
- 27,782Quantity planted
- 27,316Quantity lost
- 245Policies
- 244Policies with a loss
- 1.96Loss ratio, whole span
Causes that carried the indemnity in Kanabec County
- Drought $2,752,272 indemnity · 4 years
- Excess Moisture/Precipitation/Rain $1,537,924 indemnity · 7 years
- Cold Wet Weather $299,341 indemnity · 3 years
- Hail $97,605 indemnity · 2 years
- Other (Snow, Lightning, Etc.) $32,318 indemnity · 4 years
- ARPI/SCO/ECO/STAX/MP/HIP WI Crops Only $20,270 indemnity · 2 years
Soybeans 10 years filed
- 1.34Low end of the filed band
- 1.75Middle of the filed band
- 2.59High end of the filed band
- 2020Worst year filed (2.67)
- 10Years filed
- $1,386,981Premium filed
- $2,606,951Indemnity paid
- $8,382,399Liability insured
- 27,517Quantity planted
- 27,230Quantity lost
- 215Policies
- 215Policies with a loss
- 1.88Loss ratio, whole span
Causes that carried the indemnity in Kanabec County
- Drought $1,223,828 indemnity · 5 years
- Excess Moisture/Precipitation/Rain $1,133,294 indemnity · 9 years
- Cold Wet Weather $120,271 indemnity · 4 years
- Decline in Price $35,749 indemnity · 4 years
- ARPI/SCO/ECO/STAX/MP/HIP WI Crops Only $35,313 indemnity · 2 years
- Wildlife $34,052 indemnity · 2 years
Every county-crop the agency files in Minnesota → Buy the Kanabec 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.