Crop-loss band · Minnesota
Polk County, Minnesota — crop-loss band
- 2.02Low end of the filed band
- 2.81Middle of the filed band
- 5.02High end of the filed band
- 2019Worst year filed (7.63)
- 10Years filed
Every year the Risk Management Agency has filed for Polk 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 2.02 at the low end to 5.02 at the high end, with 2.81 in the middle. The worst year filed is 2019, at 7.63. 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 | $2,467,130 | $6,931,668 | $18,630,920 | 325 | 325 | 2.81 |
| 2016 | $2,650,941 | $13,316,271 | $28,347,601 | 484 | 484 | 5.02 |
| 2017 | $2,534,796 | $6,189,399 | $17,417,961 | 275 | 275 | 2.44 |
| 2018 | $2,152,543 | $5,615,366 | $18,725,100 | 309 | 309 | 2.61 |
| 2019 | $9,138,812 | $69,760,122 | $122,289,315 | 2,609 | 2,609 | 7.63 |
| 2020 | $7,564,697 | $24,540,657 | $53,217,365 | 864 | 864 | 3.24 |
| 2021 | $21,346,032 | $68,305,341 | $189,501,736 | 1,617 | 1,615 | 3.20 |
| 2022 | $7,807,750 | $21,737,105 | $63,272,346 | 944 | 944 | 2.78 |
| 2023 | $3,901,045 | $7,880,807 | $27,844,191 | 528 | 528 | 2.02 |
| 2024 | $6,718,791 | $20,502,403 | $53,290,097 | 984 | 984 | 3.05 |
Commodities insured in Polk County
10 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.
Sugar Beets 10 years filed
- 2.00Low end of the filed band
- 4.95Middle of the filed band
- 11.25High end of the filed band
- 2019Worst year filed (21.53)
- 10Years filed
- $5,883,811Premium filed
- $67,684,741Indemnity paid
- $144,713,055Liability insured
- 128,688Quantity planted
- 122,689Quantity lost
- 2,623Policies
- 2,623Policies with a loss
- 11.50Loss ratio, whole span
Causes that carried the indemnity in Polk County
- Excess Moisture/Precipitation/Rain $32,101,057 indemnity · 8 years
- Freeze $14,012,227 indemnity · 3 years
- Drought $6,977,136 indemnity · 7 years
- Cold Wet Weather $5,258,658 indemnity · 5 years
- Other (Snow, Lightning, Etc.) $3,900,038 indemnity · 2 years
- Wind/Excess Wind $1,935,875 indemnity · 9 years
Soybeans 10 years filed
- 2.30Low end of the filed band
- 2.64Middle of the filed band
- 2.91High end of the filed band
- 2016Worst year filed (3.41)
- 10Years filed
- $18,537,137Premium filed
- $51,117,438Indemnity paid
- $145,354,054Liability insured
- 464,717Quantity planted
- 466,376Quantity lost
- 2,034Policies
- 2,034Policies with a loss
- 2.76Loss ratio, whole span
Causes that carried the indemnity in Polk County
- Drought $31,801,083 indemnity · 10 years
- Excess Moisture/Precipitation/Rain $13,011,633 indemnity · 10 years
- Hail $2,832,554 indemnity · 10 years
- Cold Wet Weather $770,425 indemnity · 8 years
- Decline in Price $762,042 indemnity · 8 years
- Frost $506,035 indemnity · 5 years
Wheat 10 years filed
- 2.09Low end of the filed band
- 3.21Middle of the filed band
- 4.02High end of the filed band
- 2015Worst year filed (4.61)
- 10Years filed
- $14,141,094Premium filed
- $47,333,661Indemnity paid
- $139,364,011Liability insured
- 436,553Quantity planted
- 432,657Quantity lost
- 1,981Policies
- 1,979Policies with a loss
- 3.35Loss ratio, whole span
Causes that carried the indemnity in Polk County
- Drought $18,102,368 indemnity · 10 years
- Excess Moisture/Precipitation/Rain $16,633,057 indemnity · 10 years
- Falling Numbers $5,635,179 indemnity · 3 years
- Hail $2,300,187 indemnity · 9 years
- Cold Wet Weather $1,216,067 indemnity · 6 years
- ARPI/SCO/STAX/MP Crops Only $927,728 indemnity · 5 years
Corn 10 years filed
- 1.36Low end of the filed band
- 2.33Middle of the filed band
- 3.74High end of the filed band
- 2020Worst year filed (3.91)
- 10Years filed
- $12,082,516Premium filed
- $37,978,449Indemnity paid
- $78,759,013Liability insured
- 174,179Quantity planted
- 172,058Quantity lost
- 716Policies
- 716Policies with a loss
- 3.14Loss ratio, whole span
Causes that carried the indemnity in Polk County
- Excess Moisture/Precipitation/Rain $18,384,830 indemnity · 10 years
- Drought $14,802,083 indemnity · 8 years
- Cold Wet Weather $3,200,680 indemnity · 8 years
- Hail $502,129 indemnity · 5 years
- Frost $323,826 indemnity · 1 years
- ARPI/SCO/ECO/STAX/MP/HIP-WI/PACE Crops Only $200,035 indemnity · 1 years
Dry Beans 10 years filed
- 1.34Low end of the filed band
- 2.32Middle of the filed band
- 3.28High end of the filed band
- 2016Worst year filed (5.00)
- 10Years filed
- $10,855,469Premium filed
- $28,941,284Indemnity paid
- $60,079,804Liability insured
- 129,926Quantity planted
- 128,840Quantity lost
- 818Policies
- 818Policies with a loss
- 2.67Loss ratio, whole span
Causes that carried the indemnity in Polk County
- Excess Moisture/Precipitation/Rain $12,509,709 indemnity · 10 years
- Drought $10,534,836 indemnity · 8 years
- Hail $1,611,055 indemnity · 8 years
- Decline in Price $853,039 indemnity · 9 years
- Other (Snow, Lightning, Etc.) $813,904 indemnity · 1 years
- Wind/Excess Wind $580,623 indemnity · 6 years
Potatoes 10 years filed
- 0.46Low end of the filed band
- 1.62Middle of the filed band
- 3.10High end of the filed band
- 2020Worst year filed (4.07)
- 10Years filed
- $1,873,482Premium filed
- $4,568,853Indemnity paid
- $7,424,085Liability insured
- 6,015Quantity planted
- 6,015Quantity lost
- 62Policies
- 62Policies with a loss
- 2.44Loss ratio, whole span
Causes that carried the indemnity in Polk County
- Excess Moisture/Precipitation/Rain $1,470,837 indemnity · 7 years
- Frost $1,128,137 indemnity · 2 years
- Drought $679,149 indemnity · 4 years
- Plant Disease $463,185 indemnity · 3 years
- Cold Wet Weather $360,530 indemnity · 2 years
- Other (Snow, Lightning, Etc.) $224,221 indemnity · 1 years
Sunflowers 10 years filed
- 1.41Low end of the filed band
- 2.39Middle of the filed band
- 2.88High end of the filed band
- 2019Worst year filed (3.04)
- 10Years filed
- $1,079,534Premium filed
- $2,635,321Indemnity paid
- $5,145,853Liability insured
- 20,304Quantity planted
- 20,754Quantity lost
- 114Policies
- 114Policies with a loss
- 2.44Loss ratio, whole span
Causes that carried the indemnity in Polk County
- Excess Moisture/Precipitation/Rain $1,223,149 indemnity · 7 years
- Cold Wet Weather $586,748 indemnity · 4 years
- Drought $463,523 indemnity · 6 years
- Plant Disease $196,343 indemnity · 3 years
- Hail $121,840 indemnity · 6 years
- Heat $16,600 indemnity · 1 years
Apiculture 9 years filed
- 0.74Low end of the filed band
- 1.84Middle of the filed band
- 3.85High end of the filed band
- 2021Worst year filed (3.85)
- 9Years filed
- $960,789Premium filed
- $2,358,189Indemnity paid
- $5,742,047Liability insured
- 32,242Quantity planted
- 0Quantity lost
- 119Policies
- 119Policies with a loss
- 2.45Loss ratio, whole span
Causes that carried the indemnity in Polk County
- ARPI/SCO/STAX/MP Crops Only $2,358,189 indemnity · 9 years
Pasture,Rangeland,Forage 8 years filed
- 0.92Low end of the filed band
- 2.05Middle of the filed band
- 3.49High end of the filed band
- 2020Worst year filed (3.49)
- 8Years filed
- $595,114Premium filed
- $1,322,328Indemnity paid
- $3,509,737Liability insured
- 34,307Quantity planted
- 0Quantity lost
- 419Policies
- 419Policies with a loss
- 2.22Loss ratio, whole span
Causes that carried the indemnity in Polk County
- ARPI/SCO/STAX Crops Only $1,322,328 indemnity · 8 years
Barley 10 years filed
- 0.86Low end of the filed band
- 2.59Middle of the filed band
- 6.86High end of the filed band
- 2018Worst year filed (7.40)
- 10Years filed
- $273,592Premium filed
- $838,875Indemnity paid
- $2,444,973Liability insured
- 8,870Quantity planted
- 8,611Quantity lost
- 53Policies
- 53Policies with a loss
- 3.07Loss ratio, whole span
Causes that carried the indemnity in Polk County
- Excess Moisture/Precipitation/Rain $441,514 indemnity · 6 years
- Drought $258,074 indemnity · 3 years
- Hail $90,552 indemnity · 2 years
- Cold Wet Weather $32,634 indemnity · 2 years
- Decline in Price $16,102 indemnity · 2 years
Every county-crop the agency files in Minnesota → Buy the Polk 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.