Crop-loss band · Minnesota
Watonwan County, Minnesota — crop-loss band
- 1.15Low end of the filed band
- 1.78Middle of the filed band
- 3.94High end of the filed band
- 2018Worst year filed (4.36)
- 10Years filed
Every year the Risk Management Agency has filed for Watonwan 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 1.15 at the low end to 3.94 at the high end, with 1.78 in the middle. The worst year filed is 2018, 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 | $61,311 | $134,232 | $1,001,885 | 31 | 31 | 2.19 |
| 2016 | $1,513,119 | $2,186,185 | $33,967,927 | 357 | 332 | 1.44 |
| 2017 | $184,980 | $211,864 | $3,635,944 | 73 | 73 | 1.15 |
| 2018 | $4,078,199 | $17,761,379 | $95,110,994 | 900 | 900 | 4.36 |
| 2019 | $2,630,015 | $10,374,277 | $56,188,456 | 688 | 687 | 3.94 |
| 2020 | $350,498 | $445,779 | $7,525,744 | 108 | 108 | 1.27 |
| 2021 | $242,127 | $525,615 | $3,701,813 | 67 | 67 | 2.17 |
| 2022 | $263,490 | $372,420 | $4,040,723 | 68 | 68 | 1.41 |
| 2023 | $5,681,835 | $10,093,546 | $125,604,272 | 835 | 835 | 1.78 |
| 2024 | $7,031,408 | $20,382,668 | $130,063,004 | 978 | 978 | 2.90 |
Commodities insured in Watonwan 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
- 0.57Low end of the filed band
- 1.88Middle of the filed band
- 3.96High end of the filed band
- 2018Worst year filed (4.69)
- 10Years filed
- $15,164,457Premium filed
- $42,943,893Indemnity paid
- $326,152,101Liability insured
- 418,549Quantity planted
- 387,339Quantity lost
- 2,333Policies
- 2,320Policies with a loss
- 2.83Loss ratio, whole span
Causes that carried the indemnity in Watonwan County
- Excess Moisture/Precipitation/Rain $30,017,768 indemnity · 9 years
- Decline in Price $3,236,756 indemnity · 7 years
- Drought $2,905,719 indemnity · 7 years
- Hail $2,607,370 indemnity · 6 years
- ARPI/SCO/STAX/MP Crops Only $2,174,633 indemnity · 3 years
- Wind/Excess Wind $1,001,605 indemnity · 5 years
Soybeans 10 years filed
- 1.03Low end of the filed band
- 1.61Middle of the filed band
- 3.74High end of the filed band
- 2019Worst year filed (3.94)
- 10Years filed
- $6,461,836Premium filed
- $18,220,649Indemnity paid
- $132,183,171Liability insured
- 249,057Quantity planted
- 226,711Quantity lost
- 1,641Policies
- 1,628Policies with a loss
- 2.82Loss ratio, whole span
Causes that carried the indemnity in Watonwan County
- Excess Moisture/Precipitation/Rain $13,161,605 indemnity · 10 years
- Hail $1,984,855 indemnity · 8 years
- Decline in Price $1,083,402 indemnity · 8 years
- Drought $1,056,835 indemnity · 7 years
- ARPI/SCO/STAX/MP Crops Only $371,471 indemnity · 3 years
- Cold Wet Weather $291,653 indemnity · 7 years
Green Peas 10 years filed
- 1.42Low end of the filed band
- 3.08Middle of the filed band
- 6.72High end of the filed band
- 2015Worst year filed (9.35)
- 10Years filed
- $410,689Premium filed
- $1,323,423Indemnity paid
- $2,505,490Liability insured
- 6,031Quantity planted
- 6,023Quantity lost
- 131Policies
- 131Policies with a loss
- 3.22Loss ratio, whole span
Causes that carried the indemnity in Watonwan County
- Excess Moisture/Precipitation/Rain $538,670 indemnity · 7 years
- Heat $536,238 indemnity · 8 years
- Drought $182,419 indemnity · 3 years
- Cold Wet Weather $42,452 indemnity · 1 years
- Other (Snow, Lightning, Etc.) $12,018 indemnity · 1 years
- All Other Causes $9,040 indemnity · 1 years
Every county-crop the agency files in Minnesota → Buy the Watonwan 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.