Crop-loss band · Minnesota
Martin County, Minnesota — crop-loss band
- 0.88Low end of the filed band
- 1.53Middle of the filed band
- 4.31High end of the filed band
- 2018Worst year filed (4.34)
- 10Years filed
Every year the Risk Management Agency has filed for Martin 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 0.88 at the low end to 4.31 at the high end, with 1.53 in the middle. The worst year filed is 2018, at 4.34. 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 | $119,018 | $115,487 | $1,951,200 | 33 | 33 | 0.97 |
| 2016 | $1,601,335 | $1,403,600 | $35,779,765 | 423 | 362 | 0.88 |
| 2017 | $260,970 | $399,670 | $4,368,629 | 107 | 107 | 1.53 |
| 2018 | $7,540,807 | $32,744,394 | $166,407,603 | 1,518 | 1,518 | 4.34 |
| 2019 | $4,055,345 | $14,098,795 | $84,372,763 | 982 | 976 | 3.48 |
| 2020 | $765,224 | $1,438,633 | $16,189,080 | 193 | 193 | 1.88 |
| 2021 | $1,841,546 | $3,942,079 | $29,156,806 | 274 | 274 | 2.14 |
| 2022 | $423,065 | $490,576 | $6,482,211 | 69 | 69 | 1.16 |
| 2023 | $2,432,574 | $3,175,716 | $45,837,664 | 328 | 328 | 1.31 |
| 2024 | $12,697,662 | $54,697,322 | $241,704,697 | 1,821 | 1,821 | 4.31 |
Commodities insured in Martin 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
- 0.58Low end of the filed band
- 1.65Middle of the filed band
- 4.35High end of the filed band
- 2018Worst year filed (4.98)
- 10Years filed
- $22,090,755Premium filed
- $80,329,118Indemnity paid
- $454,978,651Liability insured
- 615,298Quantity planted
- 575,806Quantity lost
- 3,379Policies
- 3,334Policies with a loss
- 3.64Loss ratio, whole span
Causes that carried the indemnity in Martin County
- Excess Moisture/Precipitation/Rain $66,300,396 indemnity · 9 years
- Drought $5,223,667 indemnity · 7 years
- Wind/Excess Wind $2,402,188 indemnity · 9 years
- Cold Wet Weather $1,835,029 indemnity · 9 years
- Decline in Price $1,803,192 indemnity · 7 years
- ARPI/SCO/STAX/MP Crops Only $1,239,461 indemnity · 3 years
Soybeans 10 years filed
- 0.89Low end of the filed band
- 1.32Middle of the filed band
- 3.19High end of the filed band
- 2024Worst year filed (4.24)
- 10Years filed
- $9,646,791Premium filed
- $32,177,154Indemnity paid
- $177,271,767Liability insured
- 337,697Quantity planted
- 319,285Quantity lost
- 2,369Policies
- 2,347Policies with a loss
- 3.34Loss ratio, whole span
Causes that carried the indemnity in Martin County
- Excess Moisture/Precipitation/Rain $27,259,832 indemnity · 9 years
- Drought $1,851,016 indemnity · 7 years
- Decline in Price $1,073,556 indemnity · 7 years
- Hail $882,103 indemnity · 8 years
- Cold Wet Weather $534,887 indemnity · 8 years
- ARPI/SCO/ECO/STAX/MP/PACE Crops Only $382,884 indemnity · 1 years
Every county-crop the agency files in Minnesota → Buy the Martin 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.