Crop-loss band · Minnesota
Otter Tail County, Minnesota — crop-loss band
- 1.97Low end of the filed band
- 2.21Middle of the filed band
- 3.25High end of the filed band
- 2021Worst year filed (4.58)
- 10Years filed
Every year the Risk Management Agency has filed for Otter Tail 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 1.97 at the low end to 3.25 at the high end, with 2.21 in the middle. The worst year filed is 2021, at 4.58. 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 | $1,370,974 | $2,997,311 | $11,326,717 | 534 | 533 | 2.19 |
| 2016 | $407,796 | $802,157 | $3,450,149 | 173 | 173 | 1.97 |
| 2017 | $906,338 | $2,166,638 | $7,778,542 | 275 | 275 | 2.39 |
| 2018 | $1,092,788 | $2,404,886 | $11,358,775 | 390 | 390 | 2.20 |
| 2019 | $1,193,482 | $3,755,920 | $13,055,336 | 503 | 503 | 3.15 |
| 2020 | $843,763 | $2,743,347 | $9,076,096 | 328 | 328 | 3.25 |
| 2021 | $7,473,511 | $34,235,715 | $78,374,105 | 1,815 | 1,815 | 4.58 |
| 2022 | $2,661,696 | $7,204,814 | $25,343,117 | 585 | 585 | 2.71 |
| 2023 | $8,899,597 | $19,646,019 | $86,648,817 | 1,320 | 1,320 | 2.21 |
| 2024 | $5,182,323 | $10,843,105 | $46,213,800 | 948 | 948 | 2.09 |
Commodities insured in Otter Tail County
8 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
- 1.43Low end of the filed band
- 2.34Middle of the filed band
- 3.37High end of the filed band
- 2021Worst year filed (4.86)
- 10Years filed
- $16,876,591Premium filed
- $49,205,661Indemnity paid
- $157,805,758Liability insured
- 256,956Quantity planted
- 256,958Quantity lost
- 2,962Policies
- 2,962Policies with a loss
- 2.92Loss ratio, whole span
Causes that carried the indemnity in Otter Tail County
- Drought $34,273,218 indemnity · 10 years
- Excess Moisture/Precipitation/Rain $5,826,155 indemnity · 9 years
- Decline in Price $1,963,543 indemnity · 8 years
- Heat $1,461,527 indemnity · 9 years
- Cold Wet Weather $1,323,479 indemnity · 7 years
- ARPI/SCO/ECO/STAX/MP/HIP-WI/PACE Crops Only $984,147 indemnity · 2 years
Soybeans 10 years filed
- 1.84Low end of the filed band
- 2.27Middle of the filed band
- 3.53High end of the filed band
- 2021Worst year filed (3.91)
- 10Years filed
- $10,204,204Premium filed
- $26,748,869Indemnity paid
- $101,613,569Liability insured
- 273,866Quantity planted
- 272,028Quantity lost
- 2,462Policies
- 2,462Policies with a loss
- 2.62Loss ratio, whole span
Causes that carried the indemnity in Otter Tail County
- Drought $17,133,796 indemnity · 10 years
- Excess Moisture/Precipitation/Rain $4,910,932 indemnity · 9 years
- Decline in Price $768,888 indemnity · 10 years
- Cold Wet Weather $749,106 indemnity · 7 years
- ARPI/SCO/ECO/STAX/MP/HIP-WI/PACE Crops Only $716,008 indemnity · 3 years
- Hail $690,798 indemnity · 9 years
Wheat 10 years filed
- 3.34Low end of the filed band
- 4.59Middle of the filed band
- 7.81High end of the filed band
- 2021Worst year filed (10.36)
- 10Years filed
- $674,376Premium filed
- $3,633,875Indemnity paid
- $9,718,567Liability insured
- 37,825Quantity planted
- 38,185Quantity lost
- 590Policies
- 590Policies with a loss
- 5.39Loss ratio, whole span
Causes that carried the indemnity in Otter Tail County
- Drought $1,851,292 indemnity · 10 years
- Excess Moisture/Precipitation/Rain $1,095,838 indemnity · 8 years
- Decline in Price $142,455 indemnity · 8 years
- Heat $99,374 indemnity · 7 years
- Cold Wet Weather $94,717 indemnity · 5 years
- Hail $83,462 indemnity · 7 years
Dry Beans 9 years filed
- 1.91Low end of the filed band
- 4.17Middle of the filed band
- 6.34High end of the filed band
- 2023Worst year filed (6.34)
- 9Years filed
- $951,818Premium filed
- $3,199,922Indemnity paid
- $10,916,563Liability insured
- 15,143Quantity planted
- 15,422Quantity lost
- 127Policies
- 127Policies with a loss
- 3.36Loss ratio, whole span
Causes that carried the indemnity in Otter Tail County
- Drought $952,206 indemnity · 5 years
- Hail $924,486 indemnity · 6 years
- Excess Moisture/Precipitation/Rain $591,393 indemnity · 7 years
- Heat $287,845 indemnity · 4 years
- Decline in Price $197,827 indemnity · 3 years
- Cold Wet Weather $126,623 indemnity · 1 years
Forage Production 10 years filed
- 1.77Low end of the filed band
- 4.72Middle of the filed band
- 8.60High end of the filed band
- 2021Worst year filed (13.60)
- 10Years filed
- $300,134Premium filed
- $1,928,270Indemnity paid
- $3,924,052Liability insured
- 13,201Quantity planted
- 13,177Quantity lost
- 275Policies
- 274Policies with a loss
- 6.42Loss ratio, whole span
Causes that carried the indemnity in Otter Tail County
- Drought $952,714 indemnity · 8 years
- ARPI/SCO/STAX Crops Only $394,991 indemnity · 3 years
- Cold Winter $354,292 indemnity · 9 years
- Cold Wet Weather $124,894 indemnity · 5 years
- Heat $44,932 indemnity · 3 years
- Excess Moisture/Precipitation/Rain $27,538 indemnity · 4 years
Pasture,Rangeland,Forage 8 years filed
- 1.41Low end of the filed band
- 1.94Middle of the filed band
- 2.41High end of the filed band
- 2018Worst year filed (2.41)
- 8Years filed
- $424,939Premium filed
- $830,834Indemnity paid
- $2,893,806Liability insured
- 18,354Quantity planted
- 0Quantity lost
- 269Policies
- 269Policies with a loss
- 1.96Loss ratio, whole span
Causes that carried the indemnity in Otter Tail County
- ARPI/SCO/STAX/MP Crops Only $830,834 indemnity · 8 years
Apiculture 9 years filed
- 1.14Low end of the filed band
- 1.56Middle of the filed band
- 3.23High end of the filed band
- 2021Worst year filed (3.23)
- 9Years filed
- $331,383Premium filed
- $631,654Indemnity paid
- $2,127,391Liability insured
- 11,968Quantity planted
- 0Quantity lost
- 138Policies
- 138Policies with a loss
- 1.91Loss ratio, whole span
Causes that carried the indemnity in Otter Tail County
- ARPI/SCO/STAX/MP Crops Only $631,654 indemnity · 9 years
Sugar Beets 10 years filed
- 0.14Low end of the filed band
- 0.99Middle of the filed band
- 7.59High end of the filed band
- 2019Worst year filed (8.64)
- 10Years filed
- $268,822Premium filed
- $620,827Indemnity paid
- $3,625,747Liability insured
- 3,578Quantity planted
- 2,704Quantity lost
- 48Policies
- 48Policies with a loss
- 2.31Loss ratio, whole span
Causes that carried the indemnity in Otter Tail County
- Excess Moisture/Precipitation/Rain $383,071 indemnity · 5 years
- Drought $94,480 indemnity · 3 years
- Plant Disease $57,021 indemnity · 1 years
- Freeze $45,409 indemnity · 3 years
- Wind/Excess Wind $29,793 indemnity · 5 years
- Heat $11,055 indemnity · 2 years
Every county-crop the agency files in Minnesota → Buy the Otter Tail 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.