Crop-loss band · Minnesota
Pipestone County, Minnesota — crop-loss band
- 1.68Low end of the filed band
- 2.23Middle of the filed band
- 3.09High end of the filed band
- 2019Worst year filed (5.31)
- 10Years filed
Every year the Risk Management Agency has filed for Pipestone 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 1.68 at the low end to 3.09 at the high end, with 2.23 in the middle. The worst year filed is 2019, at 5.31. 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 | $158,287 | $270,025 | $1,936,107 | 32 | 32 | 1.71 |
| 2016 | $22,436 | $40,050 | $291,684 | 13 | 12 | 1.79 |
| 2017 | $709,730 | $1,190,286 | $9,848,478 | 187 | 187 | 1.68 |
| 2018 | $1,584,638 | $3,682,153 | $24,682,663 | 364 | 363 | 2.32 |
| 2019 | $3,644,129 | $19,361,874 | $47,978,160 | 1,136 | 1,135 | 5.31 |
| 2020 | $419,277 | $933,527 | $6,452,435 | 166 | 166 | 2.23 |
| 2021 | $958,785 | $2,394,982 | $12,341,387 | 231 | 231 | 2.50 |
| 2022 | $4,719,205 | $9,776,200 | $60,584,284 | 701 | 701 | 2.07 |
| 2023 | $8,587,019 | $26,511,684 | $127,790,289 | 956 | 955 | 3.09 |
| 2024 | $3,573,032 | $8,066,181 | $49,190,023 | 612 | 612 | 2.26 |
Commodities insured in Pipestone 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
- 1.02Low end of the filed band
- 2.05Middle of the filed band
- 3.11High end of the filed band
- 2019Worst year filed (5.28)
- 10Years filed
- $16,200,489Premium filed
- $49,979,528Indemnity paid
- $215,825,900Liability insured
- 291,119Quantity planted
- 289,780Quantity lost
- 2,486Policies
- 2,483Policies with a loss
- 3.09Loss ratio, whole span
Causes that carried the indemnity in Pipestone County
- Drought $23,642,578 indemnity · 7 years
- Excess Moisture/Precipitation/Rain $17,664,100 indemnity · 9 years
- Cold Wet Weather $2,602,481 indemnity · 8 years
- ARPI/SCO/STAX/MP Crops Only $1,825,148 indemnity · 4 years
- Decline in Price $1,442,567 indemnity · 8 years
- Wind/Excess Wind $1,119,460 indemnity · 5 years
Soybeans 10 years filed
- 1.42Low end of the filed band
- 2.24Middle of the filed band
- 3.01High end of the filed band
- 2019Worst year filed (5.49)
- 10Years filed
- $8,176,049Premium filed
- $22,247,434Indemnity paid
- $125,269,610Liability insured
- 234,243Quantity planted
- 236,146Quantity lost
- 1,912Policies
- 1,911Policies with a loss
- 2.72Loss ratio, whole span
Causes that carried the indemnity in Pipestone County
- Drought $11,217,272 indemnity · 7 years
- Excess Moisture/Precipitation/Rain $7,424,148 indemnity · 9 years
- ARPI/SCO/ECO/STAX/MP/HIP-WI/PACE Crops Only $1,115,925 indemnity · 3 years
- Decline in Price $858,091 indemnity · 7 years
- Cold Wet Weather $662,273 indemnity · 7 years
- Hail $637,375 indemnity · 10 years
Every county-crop the agency files in Minnesota → Buy the Pipestone 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.