Crop-loss band · Minnesota
Redwood County, Minnesota — crop-loss band
- 1.47Low end of the filed band
- 2.01Middle of the filed band
- 4.16High end of the filed band
- 2016Worst year filed (4.60)
- 10Years filed
Every year the Risk Management Agency has filed for Redwood County is in the series below, from 2015 to 2023. Read across those years the county’s annual loss ratio — indemnity divided by premium — runs from 1.47 at the low end to 4.16 at the high end, with 2.01 in the middle. The worst year filed is 2016, at 4.60. 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 | $186,303 | $361,634 | $2,821,193 | 80 | 80 | 1.94 |
| 2016 | $1,503,844 | $6,917,397 | $24,439,905 | 544 | 543 | 4.60 |
| 2017 | $854,660 | $1,257,758 | $13,540,291 | 240 | 240 | 1.47 |
| 2018 | $7,797,312 | $26,295,604 | $145,622,271 | 1,644 | 1,640 | 3.37 |
| 2019 | $3,750,032 | $15,592,081 | $56,545,386 | 1,238 | 1,236 | 4.16 |
| 2020 | $149,315 | $299,518 | $1,760,272 | 55 | 55 | 2.01 |
| 2021 | $6,671,405 | $13,062,246 | $90,729,176 | 862 | 861 | 1.96 |
| 2022 | $4,387,038 | $6,838,454 | $57,326,340 | 634 | 634 | 1.56 |
| 2023 | $15,947,227 | $32,941,947 | $267,358,147 | 2,407 | 2,407 | 2.07 |
| 2024 | $14,225,983 | $36,111,849 | $226,705,838 | 2,130 | 2,130 | 2.54 |
Commodities insured in Redwood 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.
Corn 10 years filed
- 1.36Low end of the filed band
- 2.14Middle of the filed band
- 4.39High end of the filed band
- 2019Worst year filed (5.65)
- 10Years filed
- $33,488,572Premium filed
- $89,756,365Indemnity paid
- $577,427,824Liability insured
- 736,598Quantity planted
- 737,495Quantity lost
- 5,148Policies
- 5,147Policies with a loss
- 2.68Loss ratio, whole span
Causes that carried the indemnity in Redwood County
- Excess Moisture/Precipitation/Rain $45,187,394 indemnity · 9 years
- Drought $28,749,507 indemnity · 8 years
- Decline in Price $5,495,842 indemnity · 8 years
- Hail $3,970,515 indemnity · 9 years
- Cold Wet Weather $3,596,755 indemnity · 9 years
- ARPI/SCO/ECO/STAX/MP/HIP WI Crops Only $1,385,288 indemnity · 3 years
Soybeans 10 years filed
- 1.06Low end of the filed band
- 2.05Middle of the filed band
- 2.71High end of the filed band
- 2016Worst year filed (5.02)
- 10Years filed
- $18,566,046Premium filed
- $40,352,626Indemnity paid
- $280,958,141Liability insured
- 541,092Quantity planted
- 525,600Quantity lost
- 4,194Policies
- 4,192Policies with a loss
- 2.17Loss ratio, whole span
Causes that carried the indemnity in Redwood County
- Excess Moisture/Precipitation/Rain $21,133,074 indemnity · 9 years
- Drought $12,093,978 indemnity · 8 years
- Hail $3,753,820 indemnity · 10 years
- Decline in Price $1,714,831 indemnity · 9 years
- ARPI/SCO/ECO/STAX/MP/HIP-WI/PACE Crops Only $955,882 indemnity · 3 years
- Cold Wet Weather $373,162 indemnity · 8 years
Sugar Beets 8 years filed
- 0.55Low end of the filed band
- 2.41Middle of the filed band
- 6.20High end of the filed band
- 2018Worst year filed (6.20)
- 8Years filed
- $2,072,024Premium filed
- $5,909,439Indemnity paid
- $21,278,524Liability insured
- 18,258Quantity planted
- 16,984Quantity lost
- 150Policies
- 145Policies with a loss
- 2.85Loss ratio, whole span
Causes that carried the indemnity in Redwood County
- Excess Moisture/Precipitation/Rain $5,478,057 indemnity · 7 years
- Hail $234,131 indemnity · 2 years
- Drought $161,011 indemnity · 3 years
- Freeze $14,753 indemnity · 2 years
- Frost $11,733 indemnity · 2 years
- ARPI/SCO/ECO/STAX/MP/PACE Crops Only $7,206 indemnity · 1 years
Green Peas 8 years filed
- 1.40Low end of the filed band
- 2.32Middle of the filed band
- 3.99High end of the filed band
- 2024Worst year filed (3.99)
- 8Years filed
- $947,820Premium filed
- $2,477,967Indemnity paid
- $4,824,350Liability insured
- 9,564Quantity planted
- 9,545Quantity lost
- 322Policies
- 322Policies with a loss
- 2.61Loss ratio, whole span
Causes that carried the indemnity in Redwood County
- Excess Moisture/Precipitation/Rain $1,208,506 indemnity · 5 years
- Heat $859,836 indemnity · 3 years
- Hail $322,384 indemnity · 4 years
- Other (Snow, Lightning, Etc.) $75,542 indemnity · 1 years
- Drought $7,091 indemnity · 1 years
- Cold Wet Weather $4,608 indemnity · 2 years
Dry Beans 7 years filed
- 1.60Low end of the filed band
- 3.54Middle of the filed band
- 5.48High end of the filed band
- 2019Worst year filed (5.48)
- 7Years filed
- $398,655Premium filed
- $1,182,091Indemnity paid
- $2,359,978Liability insured
- 3,101Quantity planted
- 3,141Quantity lost
- 20Policies
- 20Policies with a loss
- 2.97Loss ratio, whole span
Causes that carried the indemnity in Redwood County
- Excess Moisture/Precipitation/Rain $561,925 indemnity · 6 years
- Drought $366,468 indemnity · 2 years
- Heat $154,364 indemnity · 1 years
- Hail $51,687 indemnity · 1 years
- ARPI/SCO/STAX/MP/HIP WI Crops Only $46,116 indemnity · 1 years
- Decline in Price $1,531 indemnity · 1 years
Every county-crop the agency files in Minnesota → Buy the Redwood 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.