Crop-loss band · Minnesota
Steele County, Minnesota — crop-loss band
- 1.57Low end of the filed band
- 2.17Middle of the filed band
- 4.02High end of the filed band
- 2019Worst year filed (4.18)
- 10Years filed
Every year the Risk Management Agency has filed for Steele 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 1.57 at the low end to 4.02 at the high end, with 2.17 in the middle. The worst year filed is 2019, at 4.18. 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 | $104,683 | $259,301 | $1,657,757 | 31 | 31 | 2.48 |
| 2016 | $98,029 | $153,721 | $1,406,553 | 32 | 32 | 1.57 |
| 2017 | $282,683 | $556,823 | $4,478,726 | 120 | 120 | 1.97 |
| 2018 | $1,012,100 | $2,405,917 | $19,425,154 | 275 | 275 | 2.38 |
| 2019 | $2,577,995 | $10,773,145 | $52,902,184 | 578 | 578 | 4.18 |
| 2020 | $108,918 | $438,339 | $1,771,510 | 48 | 48 | 4.02 |
| 2021 | $203,930 | $442,198 | $2,719,534 | 48 | 48 | 2.17 |
| 2022 | $357,405 | $651,291 | $4,965,509 | 57 | 57 | 1.82 |
| 2023 | $5,517,965 | $11,357,825 | $88,550,279 | 639 | 639 | 2.06 |
| 2024 | $6,337,205 | $16,876,966 | $99,128,892 | 724 | 724 | 2.66 |
Commodities insured in Steele County
3 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
- 1.64Low end of the filed band
- 2.20Middle of the filed band
- 4.54High end of the filed band
- 2020Worst year filed (6.49)
- 10Years filed
- $11,617,370Premium filed
- $30,779,538Indemnity paid
- $197,910,329Liability insured
- 246,274Quantity planted
- 239,529Quantity lost
- 1,427Policies
- 1,427Policies with a loss
- 2.65Loss ratio, whole span
Causes that carried the indemnity in Steele County
- Excess Moisture/Precipitation/Rain $17,694,728 indemnity · 10 years
- Drought $5,969,217 indemnity · 7 years
- Decline in Price $3,201,593 indemnity · 7 years
- Cold Wet Weather $2,056,749 indemnity · 10 years
- ARPI/SCO/STAX/MP Crops Only $1,172,358 indemnity · 4 years
- Heat $205,890 indemnity · 5 years
Soybeans 10 years filed
- 1.07Low end of the filed band
- 2.12Middle of the filed band
- 2.85High end of the filed band
- 2019Worst year filed (3.63)
- 10Years filed
- $4,658,146Premium filed
- $12,323,732Indemnity paid
- $77,673,707Liability insured
- 148,112Quantity planted
- 140,167Quantity lost
- 1,051Policies
- 1,051Policies with a loss
- 2.65Loss ratio, whole span
Causes that carried the indemnity in Steele County
- Excess Moisture/Precipitation/Rain $7,771,193 indemnity · 10 years
- Drought $1,914,537 indemnity · 7 years
- Decline in Price $1,102,611 indemnity · 6 years
- Cold Wet Weather $769,199 indemnity · 8 years
- ARPI/SCO/STAX/MP Crops Only $252,352 indemnity · 3 years
- Hail $222,520 indemnity · 8 years
Green Peas 10 years filed
- 0.84Low end of the filed band
- 2.15Middle of the filed band
- 4.87High end of the filed band
- 2015Worst year filed (5.50)
- 10Years filed
- $325,397Premium filed
- $812,256Indemnity paid
- $1,422,062Liability insured
- 3,485Quantity planted
- 3,485Quantity lost
- 74Policies
- 74Policies with a loss
- 2.50Loss ratio, whole span
Causes that carried the indemnity in Steele County
- Heat $350,725 indemnity · 8 years
- Excess Moisture/Precipitation/Rain $250,069 indemnity · 7 years
- Hail $107,558 indemnity · 1 years
- Drought $53,262 indemnity · 2 years
- Cold Wet Weather $37,410 indemnity · 1 years
- All Other Causes $9,717 indemnity · 2 years
Every county-crop the agency files in Minnesota → Buy the Steele 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.