Crop-loss band · Minnesota
Nobles County, Minnesota — crop-loss band
- 0.82Low end of the filed band
- 1.96Middle of the filed band
- 3.12High end of the filed band
- 2019Worst year filed (5.03)
- 10Years filed
Every year the Risk Management Agency has filed for Nobles 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 0.82 at the low end to 3.12 at the high end, with 1.96 in the middle. The worst year filed is 2019, at 5.03. 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 | $122,438 | $139,371 | $1,754,307 | 26 | 26 | 1.14 |
| 2016 | $1,437,903 | $1,172,620 | $23,813,944 | 278 | 274 | 0.82 |
| 2017 | $1,209,431 | $3,072,366 | $18,893,965 | 308 | 308 | 2.54 |
| 2018 | $4,524,252 | $12,276,607 | $83,451,090 | 1,063 | 1,062 | 2.71 |
| 2019 | $7,902,102 | $39,784,050 | $136,357,921 | 2,140 | 2,140 | 5.03 |
| 2020 | $897,516 | $2,017,219 | $16,452,435 | 314 | 314 | 2.25 |
| 2021 | $284,466 | $482,350 | $3,782,799 | 43 | 43 | 1.70 |
| 2022 | $2,266,736 | $3,317,328 | $31,900,684 | 414 | 414 | 1.46 |
| 2023 | $6,316,062 | $12,358,214 | $98,552,993 | 785 | 785 | 1.96 |
| 2024 | $9,944,925 | $31,046,928 | $162,783,803 | 1,866 | 1,866 | 3.12 |
Commodities insured in Nobles 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
- 0.80Low end of the filed band
- 2.02Middle of the filed band
- 2.81High end of the filed band
- 2019Worst year filed (5.70)
- 10Years filed
- $22,403,951Premium filed
- $70,290,261Indemnity paid
- $366,664,079Liability insured
- 530,796Quantity planted
- 511,840Quantity lost
- 3,864Policies
- 3,863Policies with a loss
- 3.14Loss ratio, whole span
Causes that carried the indemnity in Nobles County
- Excess Moisture/Precipitation/Rain $42,164,420 indemnity · 9 years
- Drought $9,959,764 indemnity · 8 years
- Cold Wet Weather $6,460,339 indemnity · 9 years
- Wind/Excess Wind $4,549,320 indemnity · 6 years
- Decline in Price $2,709,529 indemnity · 8 years
- Hail $1,828,098 indemnity · 10 years
Soybeans 10 years filed
- 0.86Low end of the filed band
- 1.80Middle of the filed band
- 2.89High end of the filed band
- 2024Worst year filed (4.12)
- 10Years filed
- $12,501,880Premium filed
- $35,376,792Indemnity paid
- $211,079,862Liability insured
- 416,211Quantity planted
- 405,209Quantity lost
- 3,373Policies
- 3,369Policies with a loss
- 2.83Loss ratio, whole span
Causes that carried the indemnity in Nobles County
- Excess Moisture/Precipitation/Rain $24,509,703 indemnity · 9 years
- Drought $4,925,861 indemnity · 7 years
- Hail $2,350,415 indemnity · 10 years
- Cold Wet Weather $1,394,522 indemnity · 9 years
- Decline in Price $1,293,416 indemnity · 7 years
- ARPI/SCO/STAX/MP Crops Only $484,284 indemnity · 4 years
Every county-crop the agency files in Minnesota → Buy the Nobles 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.