Crop-loss band · Minnesota
Red Lake County, Minnesota — crop-loss band
- 2.28Low end of the filed band
- 2.83Middle of the filed band
- 3.83High end of the filed band
- 2021Worst year filed (4.06)
- 10Years filed
Every year the Risk Management Agency has filed for Red Lake 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 2.28 at the low end to 3.83 at the high end, with 2.83 in the middle. The worst year filed is 2021, at 4.06. 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 | $149,982 | $449,511 | $946,377 | 24 | 24 | 3.00 |
| 2016 | $82,203 | $188,895 | $665,495 | 19 | 19 | 2.30 |
| 2017 | $892,389 | $2,220,345 | $6,181,352 | 62 | 62 | 2.49 |
| 2018 | $195,724 | $457,586 | $1,803,038 | 34 | 34 | 2.34 |
| 2019 | $755,491 | $2,589,509 | $5,607,983 | 91 | 91 | 3.43 |
| 2020 | $905,302 | $2,557,843 | $6,130,343 | 97 | 97 | 2.83 |
| 2021 | $5,130,756 | $20,838,023 | $49,109,294 | 506 | 506 | 4.06 |
| 2022 | $2,295,913 | $7,632,859 | $13,071,245 | 194 | 194 | 3.32 |
| 2023 | $2,266,240 | $5,159,195 | $12,635,224 | 65 | 65 | 2.28 |
| 2024 | $2,585,074 | $9,890,496 | $19,259,495 | 303 | 303 | 3.83 |
Commodities insured in Red Lake County
5 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
- 1.58Low end of the filed band
- 2.62Middle of the filed band
- 4.18High end of the filed band
- 2021Worst year filed (4.36)
- 10Years filed
- $5,063,424Premium filed
- $18,721,074Indemnity paid
- $48,598,449Liability insured
- 156,648Quantity planted
- 160,748Quantity lost
- 616Policies
- 616Policies with a loss
- 3.70Loss ratio, whole span
Causes that carried the indemnity in Red Lake County
- Drought $12,360,582 indemnity · 8 years
- Excess Moisture/Precipitation/Rain $4,738,652 indemnity · 9 years
- Cold Wet Weather $456,275 indemnity · 4 years
- Hail $337,105 indemnity · 6 years
- Decline in Price $264,124 indemnity · 8 years
- Freeze $135,946 indemnity · 2 years
Corn 10 years filed
- 0.45Low end of the filed band
- 3.30Middle of the filed band
- 4.23High end of the filed band
- 2018Worst year filed (4.30)
- 10Years filed
- $4,722,831Premium filed
- $13,795,774Indemnity paid
- $27,859,282Liability insured
- 58,418Quantity planted
- 58,907Quantity lost
- 229Policies
- 229Policies with a loss
- 2.92Loss ratio, whole span
Causes that carried the indemnity in Red Lake County
- Excess Moisture/Precipitation/Rain $5,626,326 indemnity · 6 years
- Drought $4,926,874 indemnity · 6 years
- Cold Wet Weather $1,883,921 indemnity · 4 years
- Hail $684,846 indemnity · 1 years
- ARPI/SCO/ECO/STAX/MP/HIP-WI/PACE Crops Only $439,468 indemnity · 1 years
- Hot Wind $165,236 indemnity · 1 years
Wheat 10 years filed
- 2.00Low end of the filed band
- 3.43Middle of the filed band
- 6.77High end of the filed band
- 2024Worst year filed (7.04)
- 10Years filed
- $1,980,643Premium filed
- $9,358,341Indemnity paid
- $24,560,830Liability insured
- 82,440Quantity planted
- 79,416Quantity lost
- 457Policies
- 457Policies with a loss
- 4.72Loss ratio, whole span
Causes that carried the indemnity in Red Lake County
- Drought $3,887,164 indemnity · 7 years
- Excess Moisture/Precipitation/Rain $3,183,207 indemnity · 7 years
- Falling Numbers $822,867 indemnity · 3 years
- Mycotoxin $685,988 indemnity · 1 years
- Cold Wet Weather $465,185 indemnity · 3 years
- Decline in Price $154,423 indemnity · 5 years
Potatoes 8 years filed
- 0.62Low end of the filed band
- 1.84Middle of the filed band
- 4.39High end of the filed band
- 2015Worst year filed (4.39)
- 8Years filed
- $2,406,687Premium filed
- $6,767,204Indemnity paid
- $8,473,692Liability insured
- 2,938Quantity planted
- 2,938Quantity lost
- 27Policies
- 27Policies with a loss
- 2.81Loss ratio, whole span
Causes that carried the indemnity in Red Lake County
- Excess Moisture/Precipitation/Rain $3,252,046 indemnity · 5 years
- Frost $2,521,757 indemnity · 2 years
- Plant Disease $468,901 indemnity · 2 years
- Other (Snow, Lightning, Etc.) $361,823 indemnity · 1 years
- Drought $151,760 indemnity · 3 years
- Cold Wet Weather $10,918 indemnity · 1 years
Dry Beans 9 years filed
- 1.30Low end of the filed band
- 3.08Middle of the filed band
- 5.95High end of the filed band
- 2019Worst year filed (5.95)
- 9Years filed
- $1,085,488Premium filed
- $3,341,869Indemnity paid
- $5,917,592Liability insured
- 12,968Quantity planted
- 12,940Quantity lost
- 66Policies
- 66Policies with a loss
- 3.08Loss ratio, whole span
Causes that carried the indemnity in Red Lake County
- Excess Moisture/Precipitation/Rain $1,334,514 indemnity · 7 years
- Drought $1,326,416 indemnity · 3 years
- Frost $204,643 indemnity · 1 years
- Cold Wet Weather $143,740 indemnity · 2 years
- Hail $120,112 indemnity · 5 years
- ARPI/SCO/ECO/STAX/MP/PACE Crops Only $102,763 indemnity · 1 years
Every county-crop the agency files in Minnesota → Buy the Red Lake 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.