Crop-loss band · Minnesota
Pine County, Minnesota — crop-loss band
- 1.32Low end of the filed band
- 2.04Middle of the filed band
- 3.07High end of the filed band
- 2020Worst year filed (5.97)
- 10Years filed
Every year the Risk Management Agency has filed for Pine 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 1.32 at the low end to 3.07 at the high end, with 2.04 in the middle. The worst year filed is 2020, at 5.97. 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 | $69,310 | $91,256 | $438,736 | 21 | 20 | 1.32 |
| 2016 | $74,656 | $182,017 | $513,783 | 16 | 16 | 2.44 |
| 2017 | $176,000 | $252,884 | $1,022,439 | 42 | 42 | 1.44 |
| 2018 | $205,435 | $541,334 | $817,074 | 41 | 41 | 2.64 |
| 2019 | $776,879 | $2,385,939 | $4,930,471 | 185 | 185 | 3.07 |
| 2020 | $77,179 | $460,836 | $535,754 | 21 | 21 | 5.97 |
| 2021 | $550,841 | $944,900 | $3,459,239 | 89 | 89 | 1.72 |
| 2022 | $413,268 | $841,316 | $2,298,878 | 80 | 80 | 2.04 |
| 2023 | $904,441 | $1,736,822 | $6,552,515 | 119 | 119 | 1.92 |
| 2024 | $969,692 | $2,430,902 | $5,745,971 | 187 | 187 | 2.51 |
Commodities insured in Pine 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.
Soybeans 10 years filed
- 0.80Low end of the filed band
- 2.03Middle of the filed band
- 3.47High end of the filed band
- 2020Worst year filed (6.25)
- 10Years filed
- $2,208,880Premium filed
- $5,141,690Indemnity paid
- $12,653,517Liability insured
- 43,856Quantity planted
- 44,076Quantity lost
- 378Policies
- 378Policies with a loss
- 2.33Loss ratio, whole span
Causes that carried the indemnity in Pine County
- Excess Moisture/Precipitation/Rain $2,624,500 indemnity · 8 years
- Drought $1,649,062 indemnity · 8 years
- Frost $343,327 indemnity · 2 years
- Cold Wet Weather $208,560 indemnity · 5 years
- Freeze $82,557 indemnity · 1 years
- Hail $66,823 indemnity · 2 years
Corn 10 years filed
- 1.54Low end of the filed band
- 2.13Middle of the filed band
- 2.86High end of the filed band
- 2016Worst year filed (2.93)
- 10Years filed
- $2,008,821Premium filed
- $4,726,516Indemnity paid
- $13,661,343Liability insured
- 29,973Quantity planted
- 30,047Quantity lost
- 423Policies
- 422Policies with a loss
- 2.35Loss ratio, whole span
Causes that carried the indemnity in Pine County
- Excess Moisture/Precipitation/Rain $2,495,812 indemnity · 7 years
- Drought $1,487,465 indemnity · 8 years
- Cold Wet Weather $389,246 indemnity · 5 years
- Hail $131,519 indemnity · 3 years
- Decline in Price $105,452 indemnity · 4 years
- Other (Snow, Lightning, Etc.) $87,016 indemnity · 3 years
Every county-crop the agency files in Minnesota → Buy the Pine 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.