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Crop-loss band · Minnesota
Meeker County, Minnesota — crop-loss band
- 1.64Low end of the band
- 2.01Middle of the band
- 3.08High end of the band
- 2019Worst year (3.40)
- 10Years filed
Meeker County by filed year
| Year | Premium | Indemnity | Liability | Policies | Policies with a loss | Loss ratio |
|---|---|---|---|---|---|---|
| 2015 | $176,136 | $298,983 | $2,189,401 | 79 | 79 | 1.70 |
| 2016 | $502,306 | $1,546,615 | $6,750,619 | 194 | 194 | 3.08 |
| 2017 | $1,166,362 | $1,917,477 | $14,546,294 | 285 | 285 | 1.64 |
| 2018 | $1,005,566 | $2,082,479 | $12,506,296 | 202 | 202 | 2.07 |
| 2019 | $2,185,469 | $7,432,668 | $27,643,333 | 625 | 625 | 3.40 |
| 2020 | $159,165 | $319,167 | $2,029,178 | 62 | 61 | 2.01 |
| 2021 | $3,303,270 | $7,968,309 | $41,556,998 | 504 | 503 | 2.41 |
| 2022 | $2,072,675 | $4,151,188 | $23,642,900 | 329 | 329 | 2.00 |
| 2023 | $1,431,992 | $2,815,462 | $18,567,726 | 272 | 272 | 1.97 |
| 2024 | $4,989,478 | $12,348,950 | $72,433,036 | 764 | 764 | 2.48 |
4 commodities insured in Meeker County
| Commodity | Years | Low | Middle | High | Worst year | Whole span |
|---|---|---|---|---|---|---|
| Corn | 10 | 1.70 | 2.25 | 2.65 | 2019 (3.68) | 2.49 |
| Soybeans | 10 | 1.36 | 2.11 | 2.57 | 2019 (2.75) | 2.15 |
| Sugar Beets | 7 | 0.27 | 3.91 | 5.30 | 2024 (5.30) | 4.07 |
| Green Peas | 10 | 0.31 | 1.68 | 4.01 | 2016 (5.27) | 1.66 |
| Commodity | Premium | Indemnity | Liability | Planted | Lost | Policies | With a loss |
|---|---|---|---|---|---|---|---|
| Corn | $10,526,574 | $26,223,233 | $143,301,697 | 208,475 | 199,587 | 1,650 | 1,649 |
| Soybeans | $5,665,010 | $12,202,457 | $71,145,454 | 164,554 | 162,626 | 1,535 | 1,534 |
| Sugar Beets | $467,653 | $1,902,493 | $5,786,282 | 5,496 | 5,300 | 64 | 64 |
| Green Peas | $333,182 | $553,115 | $1,632,347 | 4,184 | 4,184 | 67 | 67 |
Causes that carried Meeker County’s indemnity
Corn
- Excess Moisture/Precipitation/Rain $12,956,751 indemnity · 9 years
- Drought $9,527,210 indemnity · 8 years
- Hail $880,197 indemnity · 7 years
- Heat $709,430 indemnity · 5 years
- Decline in Price $707,312 indemnity · 9 years
- ARPI/SCO/ECO/STAX/MP/HIP WI Crops Only $497,708 indemnity · 4 years
Soybeans
- Excess Moisture/Precipitation/Rain $6,686,858 indemnity · 9 years
- Drought $3,201,783 indemnity · 8 years
- Hail $1,042,053 indemnity · 9 years
- Decline in Price $504,759 indemnity · 8 years
- Heat $338,880 indemnity · 7 years
- Cold Wet Weather $153,965 indemnity · 6 years
Sugar Beets
- Excess Moisture/Precipitation/Rain $1,776,169 indemnity · 7 years
- Other (Snow, Lightning, Etc.) $46,519 indemnity · 1 years
- Freeze $33,919 indemnity · 1 years
- Wind/Excess Wind $24,620 indemnity · 1 years
- Drought $21,266 indemnity · 1 years
Green Peas
- Heat $297,559 indemnity · 6 years
- Excess Moisture/Precipitation/Rain $161,917 indemnity · 5 years
- Hail $84,103 indemnity · 2 years
- Other (Snow, Lightning, Etc.) $9,536 indemnity · 1 years
All county-crop bands in Minnesota →
Source: USDA Risk Management Agency, Cause of Loss Summary of Business. Methodology.