Crop-loss band · Minnesota
Lyon County, Minnesota — crop-loss band
- 1.59Low end of the filed band
- 1.87Middle of the filed band
- 2.51High end of the filed band
- 2019Worst year filed (6.89)
- 10Years filed
Every year the Risk Management Agency has filed for Lyon 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 1.59 at the low end to 2.51 at the high end, with 1.87 in the middle. The worst year filed is 2019, at 6.89. 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 | $202,438 | $366,844 | $2,671,608 | 71 | 71 | 1.81 |
| 2016 | $156,538 | $335,571 | $2,222,999 | 54 | 54 | 2.14 |
| 2017 | $1,985,567 | $4,985,812 | $30,207,205 | 433 | 433 | 2.51 |
| 2018 | $2,750,644 | $6,653,323 | $44,683,151 | 584 | 584 | 2.42 |
| 2019 | $4,918,434 | $33,903,219 | $61,887,349 | 1,305 | 1,305 | 6.89 |
| 2020 | $447,906 | $789,791 | $5,768,272 | 146 | 146 | 1.76 |
| 2021 | $7,143,763 | $17,092,584 | $92,843,310 | 873 | 873 | 2.39 |
| 2022 | $8,992,065 | $15,035,169 | $117,611,293 | 974 | 974 | 1.67 |
| 2023 | $12,045,924 | $22,495,989 | $180,555,128 | 1,386 | 1,386 | 1.87 |
| 2024 | $7,912,035 | $12,558,732 | $108,657,112 | 1,038 | 1,038 | 1.59 |
Commodities insured in Lyon 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
- 1.36Low end of the filed band
- 2.48Middle of the filed band
- 3.59High end of the filed band
- 2019Worst year filed (7.62)
- 10Years filed
- $29,515,781Premium filed
- $77,753,393Indemnity paid
- $416,417,918Liability insured
- 559,261Quantity planted
- 538,980Quantity lost
- 3,733Policies
- 3,733Policies with a loss
- 2.63Loss ratio, whole span
Causes that carried the indemnity in Lyon County
- Excess Moisture/Precipitation/Rain $35,484,516 indemnity · 9 years
- Drought $30,451,525 indemnity · 7 years
- Cold Wet Weather $4,183,576 indemnity · 10 years
- Hail $3,208,746 indemnity · 9 years
- Decline in Price $2,188,101 indemnity · 10 years
- ARPI/SCO/ECO/STAX/MP/HIP WI Crops Only $1,048,285 indemnity · 4 years
Soybeans 10 years filed
- 1.33Low end of the filed band
- 1.92Middle of the filed band
- 2.21High end of the filed band
- 2019Worst year filed (4.34)
- 10Years filed
- $16,656,732Premium filed
- $35,444,153Indemnity paid
- $228,271,910Liability insured
- 426,160Quantity planted
- 415,922Quantity lost
- 3,067Policies
- 3,067Policies with a loss
- 2.13Loss ratio, whole span
Causes that carried the indemnity in Lyon County
- Drought $19,198,053 indemnity · 8 years
- Excess Moisture/Precipitation/Rain $11,181,103 indemnity · 9 years
- Hail $2,242,740 indemnity · 10 years
- Decline in Price $1,124,761 indemnity · 9 years
- Cold Wet Weather $704,983 indemnity · 8 years
- ARPI/SCO/ECO/STAX/MP/HIP WI Crops Only $627,718 indemnity · 4 years
All Other Crops 9 years filed
- 1.10Low end of the filed band
- 2.03Middle of the filed band
- 6.17High end of the filed band
- 2015Worst year filed (6.17)
- 9Years filed
- $382,801Premium filed
- $1,019,488Indemnity paid
- $2,417,599Liability insured
- 10,848Quantity planted
- 933Quantity lost
- 64Policies
- 64Policies with a loss
- 2.66Loss ratio, whole span
Causes that carried the indemnity in Lyon County
- ARPI/SCO/STAX Crops Only $563,587 indemnity · 9 years
- Excess Moisture/Precipitation/Rain $455,901 indemnity · 1 years
Every county-crop the agency files in Minnesota → Buy the Lyon 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.