Crop-loss band · Minnesota
Traverse County, Minnesota — crop-loss band
- 1.75Low end of the filed band
- 2.94Middle of the filed band
- 3.50High end of the filed band
- 2020Worst year filed (4.36)
- 10Years filed
Every year the Risk Management Agency has filed for Traverse 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 1.75 at the low end to 3.50 at the high end, with 2.94 in the middle. The worst year filed is 2020, at 4.36. 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 | $1,049,505 | $1,835,974 | $10,884,613 | 202 | 201 | 1.75 |
| 2016 | $298,549 | $938,581 | $3,008,549 | 56 | 56 | 3.14 |
| 2017 | $1,111,506 | $2,665,538 | $10,808,092 | 155 | 154 | 2.40 |
| 2018 | $582,171 | $1,712,250 | $6,061,818 | 88 | 88 | 2.94 |
| 2019 | $5,942,323 | $20,596,172 | $73,365,306 | 841 | 838 | 3.47 |
| 2020 | $1,877,267 | $8,184,132 | $21,291,030 | 309 | 309 | 4.36 |
| 2021 | $863,487 | $2,066,389 | $9,223,551 | 103 | 103 | 2.39 |
| 2022 | $8,386,511 | $24,945,680 | $75,977,707 | 681 | 681 | 2.97 |
| 2023 | $8,021,423 | $14,019,746 | $98,520,676 | 504 | 504 | 1.75 |
| 2024 | $10,291,376 | $36,043,234 | $108,406,545 | 1,058 | 1,058 | 3.50 |
Commodities insured in Traverse County
6 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
- 1.59Low end of the filed band
- 3.21Middle of the filed band
- 4.03High end of the filed band
- 2020Worst year filed (4.40)
- 10Years filed
- $24,571,023Premium filed
- $70,303,348Indemnity paid
- $264,030,000Liability insured
- 396,801Quantity planted
- 376,067Quantity lost
- 1,959Policies
- 1,957Policies with a loss
- 2.86Loss ratio, whole span
Causes that carried the indemnity in Traverse County
- Excess Moisture/Precipitation/Rain $46,074,916 indemnity · 10 years
- Drought $12,329,167 indemnity · 8 years
- Cold Wet Weather $4,539,794 indemnity · 9 years
- Hail $3,308,293 indemnity · 7 years
- Decline in Price $2,509,816 indemnity · 7 years
- ARPI/SCO/ECO/STAX/MP/HIP-WI/PACE Crops Only $845,626 indemnity · 3 years
Soybeans 10 years filed
- 1.70Low end of the filed band
- 2.40Middle of the filed band
- 3.38High end of the filed band
- 2020Worst year filed (4.48)
- 10Years filed
- $11,344,811Premium filed
- $32,634,658Indemnity paid
- $128,440,122Liability insured
- 310,835Quantity planted
- 301,211Quantity lost
- 1,697Policies
- 1,694Policies with a loss
- 2.88Loss ratio, whole span
Causes that carried the indemnity in Traverse County
- Excess Moisture/Precipitation/Rain $17,912,074 indemnity · 9 years
- Drought $7,880,777 indemnity · 9 years
- Hail $4,259,929 indemnity · 9 years
- Cold Wet Weather $1,054,745 indemnity · 7 years
- Decline in Price $565,243 indemnity · 8 years
- All Other Causes $326,140 indemnity · 4 years
Sugar Beets 10 years filed
- 0.71Low end of the filed band
- 2.64Middle of the filed band
- 4.86High end of the filed band
- 2019Worst year filed (5.42)
- 10Years filed
- $1,363,900Premium filed
- $5,030,308Indemnity paid
- $14,357,758Liability insured
- 13,765Quantity planted
- 12,920Quantity lost
- 106Policies
- 106Policies with a loss
- 3.69Loss ratio, whole span
Causes that carried the indemnity in Traverse County
- Excess Moisture/Precipitation/Rain $2,614,616 indemnity · 7 years
- Drought $1,124,318 indemnity · 7 years
- Wind/Excess Wind $326,316 indemnity · 2 years
- Other (Snow, Lightning, Etc.) $251,818 indemnity · 2 years
- Plant Disease $193,324 indemnity · 2 years
- Cold Wet Weather $189,130 indemnity · 2 years
Dry Beans 7 years filed
- 1.60Low end of the filed band
- 4.25Middle of the filed band
- 5.67High end of the filed band
- 2024Worst year filed (5.67)
- 7Years filed
- $417,028Premium filed
- $2,169,653Indemnity paid
- $3,281,474Liability insured
- 5,792Quantity planted
- 5,874Quantity lost
- 22Policies
- 22Policies with a loss
- 5.20Loss ratio, whole span
Causes that carried the indemnity in Traverse County
- Excess Moisture/Precipitation/Rain $2,012,741 indemnity · 4 years
- Hail $117,502 indemnity · 1 years
- Drought $28,306 indemnity · 1 years
- Heat $11,104 indemnity · 1 years
Wheat 10 years filed
- 1.33Low end of the filed band
- 3.38Middle of the filed band
- 4.96High end of the filed band
- 2024Worst year filed (6.73)
- 10Years filed
- $465,953Premium filed
- $1,647,413Indemnity paid
- $5,751,927Liability insured
- 21,572Quantity planted
- 19,965Quantity lost
- 184Policies
- 184Policies with a loss
- 3.54Loss ratio, whole span
Causes that carried the indemnity in Traverse County
- Excess Moisture/Precipitation/Rain $758,265 indemnity · 8 years
- Drought $340,132 indemnity · 6 years
- Hail $295,720 indemnity · 4 years
- Mycotoxin $72,438 indemnity · 2 years
- Decline in Price $71,384 indemnity · 6 years
- Heat $65,642 indemnity · 1 years
Sunflowers 7 years filed
- 0.29Low end of the filed band
- 3.23Middle of the filed band
- 6.44High end of the filed band
- 2017Worst year filed (6.44)
- 7Years filed
- $261,403Premium filed
- $1,222,316Indemnity paid
- $1,686,606Liability insured
- 4,693Quantity planted
- 4,543Quantity lost
- 29Policies
- 29Policies with a loss
- 4.68Loss ratio, whole span
Causes that carried the indemnity in Traverse County
- Excess Moisture/Precipitation/Rain $1,076,701 indemnity · 6 years
- Plant Disease $134,355 indemnity · 1 years
- Cold Wet Weather $7,420 indemnity · 1 years
- Hail $3,604 indemnity · 1 years
- Decline in Price $236 indemnity · 1 years
Every county-crop the agency files in Minnesota → Buy the Traverse 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.