Crop-loss band · Minnesota
Nicollet County, Minnesota — crop-loss band
- 1.14Low end of the filed band
- 2.23Middle of the filed band
- 2.43High end of the filed band
- 2019Worst year filed (3.47)
- 10Years filed
Every year the Risk Management Agency has filed for Nicollet 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 2.43 at the high end, with 2.23 in the middle. The worst year filed is 2019, at 3.47. 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 | $18,226 | $44,324 | $302,120 | 13 | 13 | 2.43 |
| 2016 | $246,593 | $281,009 | $4,626,570 | 90 | 90 | 1.14 |
| 2017 | $552,927 | $1,232,740 | $9,613,378 | 138 | 138 | 2.23 |
| 2018 | $1,665,047 | $3,576,100 | $31,490,617 | 371 | 370 | 2.15 |
| 2019 | $1,144,000 | $3,970,187 | $20,143,150 | 296 | 296 | 3.47 |
| 2020 | $133,627 | $312,456 | $2,553,625 | 62 | 62 | 2.34 |
| 2021 | $197,484 | $304,749 | $3,080,380 | 55 | 55 | 1.54 |
| 2022 | $280,451 | $603,945 | $4,448,823 | 77 | 77 | 2.15 |
| 2023 | $5,242,309 | $11,748,393 | $101,212,984 | 851 | 851 | 2.24 |
| 2024 | $5,811,653 | $13,885,650 | $98,978,276 | 970 | 970 | 2.39 |
Commodities insured in Nicollet 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
- 1.18Low end of the filed band
- 2.30Middle of the filed band
- 2.50High end of the filed band
- 2019Worst year filed (3.63)
- 10Years filed
- $10,768,492Premium filed
- $25,342,467Indemnity paid
- $196,493,313Liability insured
- 230,901Quantity planted
- 223,296Quantity lost
- 1,671Policies
- 1,671Policies with a loss
- 2.35Loss ratio, whole span
Causes that carried the indemnity in Nicollet County
- Excess Moisture/Precipitation/Rain $11,153,071 indemnity · 9 years
- Drought $7,363,484 indemnity · 7 years
- Decline in Price $2,326,757 indemnity · 6 years
- ARPI/SCO/STAX/MP Crops Only $1,507,171 indemnity · 3 years
- Hail $1,025,481 indemnity · 3 years
- Cold Wet Weather $908,181 indemnity · 6 years
Soybeans 10 years filed
- 0.74Low end of the filed band
- 2.26Middle of the filed band
- 2.82High end of the filed band
- 2021Worst year filed (3.07)
- 10Years filed
- $4,523,824Premium filed
- $10,617,086Indemnity paid
- $79,956,609Liability insured
- 142,465Quantity planted
- 132,092Quantity lost
- 1,252Policies
- 1,251Policies with a loss
- 2.35Loss ratio, whole span
Causes that carried the indemnity in Nicollet County
- Excess Moisture/Precipitation/Rain $6,560,760 indemnity · 10 years
- Drought $1,853,864 indemnity · 5 years
- Decline in Price $771,171 indemnity · 7 years
- Hail $567,141 indemnity · 9 years
- Cold Wet Weather $498,311 indemnity · 4 years
- ARPI/SCO/ECO/STAX/MP/HIP-WI/PACE Crops Only $246,795 indemnity · 2 years
Every county-crop the agency files in Minnesota → Buy the Nicollet 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.