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Crop-loss band · Minnesota
Otter Tail County, Minnesota — crop-loss band
- 1.97Low end of the band
- 2.21Middle of the band
- 3.25High end of the band
- 2021Worst year (4.58)
- 10Years filed
Otter Tail County by filed year
| 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 |
8 commodities insured in Otter Tail County
| Commodity | Years | Low | Middle | High | Worst year | Whole span |
|---|---|---|---|---|---|---|
| Corn | 10 | 1.43 | 2.34 | 3.37 | 2021 (4.86) | 2.92 |
| Soybeans | 10 | 1.84 | 2.27 | 3.53 | 2021 (3.91) | 2.62 |
| Wheat | 10 | 3.34 | 4.59 | 7.81 | 2021 (10.36) | 5.39 |
| Dry Beans | 9 | 1.91 | 4.17 | 6.34 | 2023 (6.34) | 3.36 |
| Forage Production | 10 | 1.77 | 4.72 | 8.60 | 2021 (13.60) | 6.42 |
| Pasture,Rangeland,Forage | 8 | 1.41 | 1.94 | 2.41 | 2018 (2.41) | 1.96 |
| Apiculture | 9 | 1.14 | 1.56 | 3.23 | 2021 (3.23) | 1.91 |
| Sugar Beets | 10 | 0.14 | 0.99 | 7.59 | 2019 (8.64) | 2.31 |
| Commodity | Premium | Indemnity | Liability | Planted | Lost | Policies | With a loss |
|---|---|---|---|---|---|---|---|
| Corn | $16,876,591 | $49,205,661 | $157,805,758 | 256,956 | 256,958 | 2,962 | 2,962 |
| Soybeans | $10,204,204 | $26,748,869 | $101,613,569 | 273,866 | 272,028 | 2,462 | 2,462 |
| Wheat | $674,376 | $3,633,875 | $9,718,567 | 37,825 | 38,185 | 590 | 590 |
| Dry Beans | $951,818 | $3,199,922 | $10,916,563 | 15,143 | 15,422 | 127 | 127 |
| Forage Production | $300,134 | $1,928,270 | $3,924,052 | 13,201 | 13,177 | 275 | 274 |
| Pasture,Rangeland,Forage | $424,939 | $830,834 | $2,893,806 | 18,354 | 0 | 269 | 269 |
| Apiculture | $331,383 | $631,654 | $2,127,391 | 11,968 | 0 | 138 | 138 |
| Sugar Beets | $268,822 | $620,827 | $3,625,747 | 3,578 | 2,704 | 48 | 48 |
Causes that carried Otter Tail County’s indemnity
Corn
- 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
- 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
- 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
- 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
- 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
- ARPI/SCO/STAX/MP Crops Only $830,834 indemnity · 8 years
Apiculture
- ARPI/SCO/STAX/MP Crops Only $631,654 indemnity · 9 years
Sugar Beets
- 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
All county-crop bands in Minnesota →
Source: USDA Risk Management Agency, Cause of Loss Summary of Business. Methodology.