Crop-loss band · Minnesota
Waseca County, Minnesota — crop-loss band
- 1.52Low end of the filed band
- 2.22Middle of the filed band
- 3.47High end of the filed band
- 2024Worst year filed (4.07)
- 10Years filed
Every year the Risk Management Agency has filed for Waseca 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 1.52 at the low end to 3.47 at the high end, with 2.22 in the middle. The worst year filed is 2024, at 4.07. 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 | $182,712 | $634,188 | $2,499,464 | 84 | 81 | 3.47 |
| 2016 | $198,123 | $443,090 | $3,859,684 | 98 | 91 | 2.24 |
| 2017 | $300,807 | $619,628 | $4,967,867 | 118 | 118 | 2.06 |
| 2018 | $1,357,749 | $2,860,394 | $27,172,654 | 377 | 377 | 2.11 |
| 2019 | $1,258,272 | $4,032,378 | $24,610,856 | 405 | 403 | 3.20 |
| 2020 | $222,461 | $549,044 | $3,439,995 | 106 | 106 | 2.47 |
| 2021 | $173,724 | $385,373 | $1,806,353 | 53 | 53 | 2.22 |
| 2022 | $337,089 | $686,560 | $4,933,933 | 63 | 63 | 2.04 |
| 2023 | $4,855,004 | $7,364,975 | $100,927,417 | 708 | 708 | 1.52 |
| 2024 | $6,838,872 | $27,853,610 | $131,401,709 | 1,171 | 1,171 | 4.07 |
Commodities insured in Waseca 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
- 0.92Low end of the filed band
- 1.64Middle of the filed band
- 3.52High end of the filed band
- 2024Worst year filed (4.23)
- 10Years filed
- $10,347,459Premium filed
- $29,930,750Indemnity paid
- $212,930,243Liability insured
- 251,575Quantity planted
- 238,721Quantity lost
- 1,669Policies
- 1,667Policies with a loss
- 2.89Loss ratio, whole span
Causes that carried the indemnity in Waseca County
- Excess Moisture/Precipitation/Rain $21,539,211 indemnity · 9 years
- Drought $3,588,920 indemnity · 6 years
- Decline in Price $2,959,963 indemnity · 7 years
- Cold Wet Weather $782,235 indemnity · 7 years
- ARPI/SCO/ECO/STAX/MP/HIP-WI/PACE Crops Only $382,712 indemnity · 2 years
- Hail $240,724 indemnity · 8 years
Soybeans 10 years filed
- 0.79Low end of the filed band
- 1.97Middle of the filed band
- 2.59High end of the filed band
- 2024Worst year filed (3.82)
- 10Years filed
- $4,765,531Premium filed
- $12,964,086Indemnity paid
- $88,721,620Liability insured
- 158,370Quantity planted
- 145,334Quantity lost
- 1,235Policies
- 1,227Policies with a loss
- 2.72Loss ratio, whole span
Causes that carried the indemnity in Waseca County
- Excess Moisture/Precipitation/Rain $10,081,541 indemnity · 10 years
- Decline in Price $1,135,470 indemnity · 7 years
- Drought $592,762 indemnity · 5 years
- Cold Wet Weather $498,295 indemnity · 9 years
- Hail $426,867 indemnity · 9 years
- Plant Disease $56,613 indemnity · 2 years
Sweet Corn 10 years filed
- 3.43Low end of the filed band
- 7.58Middle of the filed band
- 11.17High end of the filed band
- 2016Worst year filed (13.68)
- 10Years filed
- $269,825Premium filed
- $1,753,401Indemnity paid
- $2,569,838Liability insured
- 6,078Quantity planted
- 6,078Quantity lost
- 177Policies
- 177Policies with a loss
- 6.50Loss ratio, whole span
Causes that carried the indemnity in Waseca County
- Heat $963,927 indemnity · 8 years
- Excess Moisture/Precipitation/Rain $577,613 indemnity · 7 years
- Cold Wet Weather $116,169 indemnity · 3 years
- Drought $70,778 indemnity · 2 years
- XX $24,915 indemnity · 2 years
Green Peas 10 years filed
- 1.36Low end of the filed band
- 2.03Middle of the filed band
- 3.50High end of the filed band
- 2022Worst year filed (3.77)
- 10Years filed
- $341,998Premium filed
- $781,003Indemnity paid
- $1,398,231Liability insured
- 3,542Quantity planted
- 3,550Quantity lost
- 102Policies
- 100Policies with a loss
- 2.28Loss ratio, whole span
Causes that carried the indemnity in Waseca County
- Heat $294,218 indemnity · 9 years
- Excess Moisture/Precipitation/Rain $255,182 indemnity · 8 years
- Drought $145,667 indemnity · 2 years
- Cold Wet Weather $67,305 indemnity · 2 years
- Hail $16,468 indemnity · 2 years
- All Other Causes $2,163 indemnity · 1 years
Every county-crop the agency files in Minnesota → Buy the Waseca 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.