Crop-loss band · Minnesota
Rice County, Minnesota — crop-loss band
- 1.61Low end of the filed band
- 2.32Middle of the filed band
- 3.03High end of the filed band
- 2019Worst year filed (4.04)
- 10Years filed
Every year the Risk Management Agency has filed for Rice 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 1.61 at the low end to 3.03 at the high end, with 2.32 in the middle. The worst year filed is 2019, at 4.04. 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 | $115,287 | $320,015 | $1,614,882 | 49 | 49 | 2.78 |
| 2016 | $420,877 | $786,850 | $7,015,405 | 94 | 91 | 1.87 |
| 2017 | $858,443 | $1,379,669 | $12,138,384 | 263 | 263 | 1.61 |
| 2018 | $1,558,529 | $3,248,833 | $25,873,732 | 397 | 396 | 2.08 |
| 2019 | $1,690,842 | $6,830,277 | $25,517,407 | 572 | 571 | 4.04 |
| 2020 | $317,920 | $770,571 | $4,662,278 | 106 | 106 | 2.42 |
| 2021 | $142,610 | $330,290 | $1,660,378 | 60 | 60 | 2.32 |
| 2022 | $498,480 | $1,186,055 | $6,281,466 | 103 | 103 | 2.38 |
| 2023 | $3,771,423 | $7,690,301 | $57,408,891 | 637 | 637 | 2.04 |
| 2024 | $5,437,021 | $16,489,817 | $78,501,210 | 959 | 959 | 3.03 |
Commodities insured in Rice 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
- 1.22Low end of the filed band
- 2.25Middle of the filed band
- 3.56High end of the filed band
- 2019Worst year filed (4.64)
- 10Years filed
- $9,788,395Premium filed
- $26,876,723Indemnity paid
- $152,465,985Liability insured
- 198,991Quantity planted
- 195,048Quantity lost
- 1,777Policies
- 1,774Policies with a loss
- 2.75Loss ratio, whole span
Causes that carried the indemnity in Rice County
- Excess Moisture/Precipitation/Rain $15,015,525 indemnity · 9 years
- Drought $4,182,020 indemnity · 7 years
- Decline in Price $2,477,361 indemnity · 8 years
- ARPI/SCO/STAX/MP Crops Only $2,098,612 indemnity · 3 years
- Cold Wet Weather $1,422,175 indemnity · 6 years
- Wind/Excess Wind $860,171 indemnity · 3 years
Soybeans 10 years filed
- 1.58Low end of the filed band
- 2.08Middle of the filed band
- 2.73High end of the filed band
- 2019Worst year filed (3.05)
- 10Years filed
- $5,023,037Premium filed
- $12,155,955Indemnity paid
- $68,208,048Liability insured
- 141,315Quantity planted
- 138,456Quantity lost
- 1,463Policies
- 1,461Policies with a loss
- 2.42Loss ratio, whole span
Causes that carried the indemnity in Rice County
- Excess Moisture/Precipitation/Rain $8,077,502 indemnity · 10 years
- Drought $1,603,981 indemnity · 7 years
- Decline in Price $933,981 indemnity · 7 years
- Cold Wet Weather $741,784 indemnity · 4 years
- ARPI/SCO/ECO/STAX/MP/HIP-WI/PACE Crops Only $350,265 indemnity · 2 years
- Hail $156,445 indemnity · 6 years
Every county-crop the agency files in Minnesota → Buy the Rice 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.