Crop-loss band · Minnesota
Swift County, Minnesota — crop-loss band
- 1.59Low end of the filed band
- 2.33Middle of the filed band
- 3.79High end of the filed band
- 2019Worst year filed (5.31)
- 10Years filed
Every year the Risk Management Agency has filed for Swift 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 1.59 at the low end to 3.79 at the high end, with 2.33 in the middle. The worst year filed is 2019, at 5.31. 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 | $1,054,738 | $1,679,921 | $12,963,860 | 187 | 185 | 1.59 |
| 2016 | $302,225 | $965,914 | $3,511,682 | 76 | 76 | 3.20 |
| 2017 | $1,499,262 | $2,485,766 | $16,846,346 | 350 | 350 | 1.66 |
| 2018 | $1,160,412 | $2,760,858 | $15,802,982 | 221 | 221 | 2.38 |
| 2019 | $3,416,627 | $18,146,031 | $39,856,748 | 817 | 816 | 5.31 |
| 2020 | $468,437 | $1,168,426 | $6,302,227 | 122 | 122 | 2.49 |
| 2021 | $1,331,251 | $3,015,770 | $15,086,489 | 253 | 253 | 2.27 |
| 2022 | $2,937,957 | $11,138,663 | $31,739,211 | 463 | 463 | 3.79 |
| 2023 | $7,106,504 | $13,793,984 | $106,253,333 | 713 | 713 | 1.94 |
| 2024 | $7,791,352 | $18,118,422 | $107,393,094 | 1,009 | 1,009 | 2.33 |
Commodities insured in Swift County
4 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
- 1.41Low end of the filed band
- 2.23Middle of the filed band
- 5.07High end of the filed band
- 2019Worst year filed (5.70)
- 10Years filed
- $17,835,299Premium filed
- $49,869,710Indemnity paid
- $245,690,936Liability insured
- 331,928Quantity planted
- 322,560Quantity lost
- 2,270Policies
- 2,268Policies with a loss
- 2.80Loss ratio, whole span
Causes that carried the indemnity in Swift County
- Excess Moisture/Precipitation/Rain $29,582,338 indemnity · 9 years
- Drought $9,134,225 indemnity · 8 years
- Decline in Price $3,872,914 indemnity · 7 years
- ARPI/SCO/ECO/STAX/MP/HIP-WI/PACE Crops Only $2,292,018 indemnity · 3 years
- Hail $1,698,774 indemnity · 8 years
- Cold Wet Weather $950,101 indemnity · 8 years
Soybeans 10 years filed
- 1.66Low end of the filed band
- 2.39Middle of the filed band
- 3.32High end of the filed band
- 2019Worst year filed (3.97)
- 10Years filed
- $6,888,322Premium filed
- $17,758,257Indemnity paid
- $83,778,213Liability insured
- 184,564Quantity planted
- 181,054Quantity lost
- 1,673Policies
- 1,673Policies with a loss
- 2.58Loss ratio, whole span
Causes that carried the indemnity in Swift County
- Excess Moisture/Precipitation/Rain $8,703,646 indemnity · 9 years
- Drought $5,007,270 indemnity · 8 years
- Hail $1,833,985 indemnity · 9 years
- Decline in Price $901,970 indemnity · 8 years
- Heat $544,871 indemnity · 5 years
- ARPI/SCO/ECO/STAX/MP/HIP-WI/PACE Crops Only $252,965 indemnity · 2 years
Sugar Beets 10 years filed
- 0.92Low end of the filed band
- 2.08Middle of the filed band
- 3.27High end of the filed band
- 2019Worst year filed (4.82)
- 10Years filed
- $1,130,242Premium filed
- $3,100,610Indemnity paid
- $15,229,868Liability insured
- 13,707Quantity planted
- 12,796Quantity lost
- 141Policies
- 140Policies with a loss
- 2.74Loss ratio, whole span
Causes that carried the indemnity in Swift County
- Excess Moisture/Precipitation/Rain $1,883,301 indemnity · 9 years
- Drought $658,845 indemnity · 7 years
- Cold Wet Weather $233,271 indemnity · 3 years
- Freeze $223,791 indemnity · 5 years
- Heat $47,481 indemnity · 1 years
- Frost $23,286 indemnity · 4 years
Dry Beans 8 years filed
- 1.55Low end of the filed band
- 2.66Middle of the filed band
- 3.82High end of the filed band
- 2020Worst year filed (3.82)
- 8Years filed
- $1,214,901Premium filed
- $2,545,178Indemnity paid
- $11,056,955Liability insured
- 14,086Quantity planted
- 13,822Quantity lost
- 127Policies
- 127Policies with a loss
- 2.10Loss ratio, whole span
Causes that carried the indemnity in Swift County
- Excess Moisture/Precipitation/Rain $1,304,939 indemnity · 5 years
- Drought $435,673 indemnity · 4 years
- ARPI/SCO/ECO/STAX/MP/HIP-WI/PACE Crops Only $196,887 indemnity · 2 years
- Hail $174,303 indemnity · 3 years
- Decline in Price $115,119 indemnity · 1 years
- Failure of Irrigation Equipment $113,858 indemnity · 1 years
Every county-crop the agency files in Minnesota → Buy the Swift 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.