Crop-loss band · Minnesota
Lake of the Woods County, Minnesota — crop-loss band
- 1.06Low end of the filed band
- 2.73Middle of the filed band
- 3.53High end of the filed band
- 2019Worst year filed (4.14)
- 10Years filed
Every year the Risk Management Agency has filed for Lake of the Woods 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 1.06 at the low end to 3.53 at the high end, with 2.73 in the middle. The worst year filed is 2019, at 4.14. 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 | $324,243 | $933,259 | $1,479,110 | 52 | 52 | 2.88 |
| 2016 | $182,307 | $284,532 | $972,963 | 22 | 22 | 1.56 |
| 2017 | $285,443 | $896,259 | $1,508,855 | 27 | 27 | 3.14 |
| 2018 | $75,491 | $266,607 | $484,771 | 17 | 17 | 3.53 |
| 2019 | $411,452 | $1,702,288 | $2,809,487 | 83 | 83 | 4.14 |
| 2020 | $203,486 | $612,188 | $696,087 | 34 | 34 | 3.01 |
| 2021 | $689,242 | $732,065 | $4,359,543 | 37 | 37 | 1.06 |
| 2022 | $1,221,257 | $2,663,756 | $3,400,423 | 74 | 74 | 2.18 |
| 2023 | $622,369 | $1,328,487 | $2,295,135 | 34 | 34 | 2.13 |
| 2024 | $1,215,494 | $3,314,622 | $3,633,029 | 85 | 85 | 2.73 |
Commodities insured in Lake of the Woods County
4 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.
Soybeans 10 years filed
- 1.02Low end of the filed band
- 3.07Middle of the filed band
- 4.14High end of the filed band
- 2019Worst year filed (4.69)
- 10Years filed
- $2,706,803Premium filed
- $7,461,525Indemnity paid
- $15,177,351Liability insured
- 67,908Quantity planted
- 68,602Quantity lost
- 281Policies
- 281Policies with a loss
- 2.76Loss ratio, whole span
Causes that carried the indemnity in Lake of the Woods County
- Excess Moisture/Precipitation/Rain $4,384,414 indemnity · 10 years
- Drought $924,309 indemnity · 5 years
- Cold Wet Weather $915,859 indemnity · 5 years
- Hail $264,109 indemnity · 1 years
- Frost $233,329 indemnity · 2 years
- Cold Winter $174,287 indemnity · 1 years
Wheat 10 years filed
- 1.36Low end of the filed band
- 1.96Middle of the filed band
- 2.70High end of the filed band
- 2024Worst year filed (2.78)
- 10Years filed
- $1,067,646Premium filed
- $2,222,677Indemnity paid
- $3,260,404Liability insured
- 15,104Quantity planted
- 15,304Quantity lost
- 131Policies
- 131Policies with a loss
- 2.08Loss ratio, whole span
Causes that carried the indemnity in Lake of the Woods County
- Excess Moisture/Precipitation/Rain $1,806,020 indemnity · 8 years
- Cold Wet Weather $226,900 indemnity · 4 years
- Drought $90,405 indemnity · 3 years
- Falling Numbers $33,409 indemnity · 1 years
- Hail $31,757 indemnity · 1 years
- Flood $11,189 indemnity · 1 years
Corn 10 years filed
- 0.84Low end of the filed band
- 1.95Middle of the filed band
- 2.83High end of the filed band
- 2017Worst year filed (4.86)
- 10Years filed
- $840,892Premium filed
- $1,700,420Indemnity paid
- $1,766,748Liability insured
- 6,115Quantity planted
- 6,115Quantity lost
- 29Policies
- 29Policies with a loss
- 2.02Loss ratio, whole span
Causes that carried the indemnity in Lake of the Woods County
- Excess Moisture/Precipitation/Rain $1,614,244 indemnity · 8 years
- Cold Wet Weather $57,308 indemnity · 3 years
- Drought $25,304 indemnity · 3 years
- Wildlife $3,564 indemnity · 2 years
Sunflowers 8 years filed
- 0.38Low end of the filed band
- 2.17Middle of the filed band
- 2.34High end of the filed band
- 2020Worst year filed (2.34)
- 8Years filed
- $615,443Premium filed
- $1,349,441Indemnity paid
- $1,434,900Liability insured
- 6,088Quantity planted
- 6,358Quantity lost
- 24Policies
- 24Policies with a loss
- 2.19Loss ratio, whole span
Causes that carried the indemnity in Lake of the Woods County
- Excess Moisture/Precipitation/Rain $1,226,786 indemnity · 6 years
- Cold Wet Weather $70,676 indemnity · 3 years
- Frost $43,790 indemnity · 1 years
- Flood $5,740 indemnity · 1 years
- Wind/Excess Wind $2,450 indemnity · 1 years
Every county-crop the agency files in Minnesota → Buy the Lake of the Woods 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.