Crop-loss band · Minnesota
Lac qui Parle County, Minnesota — crop-loss band
- 1.62Low end of the filed band
- 2.14Middle of the filed band
- 6.02High end of the filed band
- 2019Worst year filed (6.21)
- 10Years filed
Every year the Risk Management Agency has filed for Lac qui Parle 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 1.62 at the low end to 6.02 at the high end, with 2.14 in the middle. The worst year filed is 2019, at 6.21. 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 | $1,012,297 | $6,093,867 | $13,057,728 | 284 | 282 | 6.02 |
| 2016 | $144,150 | $374,304 | $1,593,615 | 68 | 65 | 2.60 |
| 2017 | $2,025,587 | $3,283,869 | $24,360,642 | 577 | 577 | 1.62 |
| 2018 | $477,205 | $1,185,829 | $5,740,854 | 238 | 238 | 2.48 |
| 2019 | $3,703,663 | $23,012,129 | $39,043,574 | 1,180 | 1,180 | 6.21 |
| 2020 | $502,985 | $1,562,721 | $6,356,825 | 247 | 247 | 3.11 |
| 2021 | $789,983 | $1,502,654 | $8,904,014 | 162 | 162 | 1.90 |
| 2022 | $4,221,769 | $9,022,060 | $48,207,597 | 707 | 707 | 2.14 |
| 2023 | $9,488,813 | $16,613,623 | $123,922,513 | 892 | 892 | 1.75 |
| 2024 | $8,383,071 | $14,911,580 | $102,466,969 | 1,223 | 1,223 | 1.78 |
Commodities insured in Lac qui Parle 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
- 1.52Low end of the filed band
- 2.26Middle of the filed band
- 5.54High end of the filed band
- 2019Worst year filed (6.31)
- 10Years filed
- $19,240,468Premium filed
- $48,382,790Indemnity paid
- $227,697,075Liability insured
- 316,549Quantity planted
- 301,324Quantity lost
- 2,512Policies
- 2,511Policies with a loss
- 2.51Loss ratio, whole span
Causes that carried the indemnity in Lac qui Parle County
- Excess Moisture/Precipitation/Rain $23,477,470 indemnity · 10 years
- Drought $10,514,566 indemnity · 8 years
- Decline in Price $5,089,162 indemnity · 7 years
- Cold Wet Weather $3,514,762 indemnity · 5 years
- Hail $3,293,955 indemnity · 6 years
- ARPI/SCO/ECO/STAX/MP/HIP-WI/PACE Crops Only $1,560,533 indemnity · 3 years
Soybeans 10 years filed
- 1.75Low end of the filed band
- 2.25Middle of the filed band
- 6.00High end of the filed band
- 2015Worst year filed (6.87)
- 10Years filed
- $11,113,277Premium filed
- $28,381,355Indemnity paid
- $143,740,703Liability insured
- 295,336Quantity planted
- 280,409Quantity lost
- 2,536Policies
- 2,532Policies with a loss
- 2.55Loss ratio, whole span
Causes that carried the indemnity in Lac qui Parle County
- Excess Moisture/Precipitation/Rain $12,131,747 indemnity · 9 years
- Drought $8,112,506 indemnity · 9 years
- Hail $3,270,204 indemnity · 10 years
- ARPI/SCO/ECO/STAX/MP/HIP-WI/PACE Crops Only $1,470,828 indemnity · 3 years
- Cold Wet Weather $1,398,323 indemnity · 7 years
- Decline in Price $1,328,322 indemnity · 7 years
Pasture,Rangeland,Forage 10 years filed
- 0.03Low end of the filed band
- 1.64Middle of the filed band
- 2.96High end of the filed band
- 2024Worst year filed (3.11)
- 10Years filed
- $395,778Premium filed
- $798,491Indemnity paid
- $2,216,553Liability insured
- 22,587Quantity planted
- 0Quantity lost
- 530Policies
- 530Policies with a loss
- 2.02Loss ratio, whole span
Causes that carried the indemnity in Lac qui Parle County
- ARPI/SCO/STAX Crops Only $798,491 indemnity · 10 years
Every county-crop the agency files in Minnesota → Buy the Lac qui Parle 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.