Crop-loss band · Minnesota
Lincoln County, Minnesota — crop-loss band
- 1.14Low end of the filed band
- 1.92Middle of the filed band
- 2.55High end of the filed band
- 2019Worst year filed (6.54)
- 10Years filed
Every year the Risk Management Agency has filed for Lincoln 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 1.14 at the low end to 2.55 at the high end, with 1.92 in the middle. The worst year filed is 2019, at 6.54. 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 | $506,918 | $936,107 | $5,088,291 | 149 | 149 | 1.85 |
| 2016 | $26,836 | $30,664 | $254,265 | 19 | 19 | 1.14 |
| 2017 | $2,240,031 | $5,709,724 | $26,622,433 | 412 | 411 | 2.55 |
| 2018 | $844,962 | $1,870,146 | $11,643,934 | 267 | 266 | 2.21 |
| 2019 | $4,397,413 | $28,737,361 | $44,844,320 | 1,038 | 1,037 | 6.54 |
| 2020 | $1,186,647 | $2,121,736 | $15,570,181 | 291 | 291 | 1.79 |
| 2021 | $3,389,536 | $7,417,086 | $38,534,022 | 471 | 471 | 2.19 |
| 2022 | $3,623,257 | $7,134,775 | $42,190,152 | 424 | 424 | 1.97 |
| 2023 | $5,583,530 | $10,717,582 | $70,286,022 | 583 | 583 | 1.92 |
| 2024 | $5,018,371 | $9,191,569 | $63,763,573 | 637 | 637 | 1.83 |
Commodities insured in Lincoln 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
- 1.16Low end of the filed band
- 1.85Middle of the filed band
- 2.87High end of the filed band
- 2019Worst year filed (6.96)
- 10Years filed
- $16,359,478Premium filed
- $48,715,773Indemnity paid
- $193,426,221Liability insured
- 299,396Quantity planted
- 291,526Quantity lost
- 2,154Policies
- 2,153Policies with a loss
- 2.98Loss ratio, whole span
Causes that carried the indemnity in Lincoln County
- Excess Moisture/Precipitation/Rain $24,946,510 indemnity · 10 years
- Drought $13,422,854 indemnity · 7 years
- Cold Wet Weather $3,992,080 indemnity · 8 years
- Hail $3,775,247 indemnity · 7 years
- Decline in Price $942,091 indemnity · 6 years
- ARPI/SCO/STAX/MP Crops Only $582,394 indemnity · 4 years
Soybeans 10 years filed
- 1.17Low end of the filed band
- 1.91Middle of the filed band
- 2.44High end of the filed band
- 2019Worst year filed (4.93)
- 10Years filed
- $10,205,990Premium filed
- $24,161,026Indemnity paid
- $122,671,525Liability insured
- 256,340Quantity planted
- 251,974Quantity lost
- 1,914Policies
- 1,913Policies with a loss
- 2.37Loss ratio, whole span
Causes that carried the indemnity in Lincoln County
- Drought $10,216,420 indemnity · 6 years
- Excess Moisture/Precipitation/Rain $9,209,300 indemnity · 10 years
- Hail $2,741,477 indemnity · 10 years
- ARPI/SCO/ECO/STAX/MP/HIP WI Crops Only $914,609 indemnity · 4 years
- Cold Wet Weather $492,186 indemnity · 8 years
- Decline in Price $303,820 indemnity · 7 years
Wheat 10 years filed
- 0.41Low end of the filed band
- 2.45Middle of the filed band
- 5.85High end of the filed band
- 2017Worst year filed (6.98)
- 10Years filed
- $252,033Premium filed
- $989,951Indemnity paid
- $2,699,447Liability insured
- 9,377Quantity planted
- 9,377Quantity lost
- 223Policies
- 222Policies with a loss
- 3.93Loss ratio, whole span
Causes that carried the indemnity in Lincoln County
- Excess Moisture/Precipitation/Rain $553,984 indemnity · 6 years
- Hail $216,511 indemnity · 6 years
- Drought $98,615 indemnity · 6 years
- Cold Wet Weather $43,212 indemnity · 6 years
- Heat $42,262 indemnity · 3 years
- Decline in Price $11,179 indemnity · 6 years
Every county-crop the agency files in Minnesota → Buy the Lincoln 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.