Crop-loss band · Minnesota
Wilkin County, Minnesota — crop-loss band
- 1.47Low end of the filed band
- 2.46Middle of the filed band
- 3.12High end of the filed band
- 2020Worst year filed (4.09)
- 10Years filed
Every year the Risk Management Agency has filed for Wilkin 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 1.47 at the low end to 3.12 at the high end, with 2.46 in the middle. The worst year filed is 2020, at 4.09. 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 | $601,729 | $1,482,968 | $6,147,654 | 174 | 174 | 2.46 |
| 2016 | $471,657 | $693,370 | $4,795,681 | 101 | 101 | 1.47 |
| 2017 | $978,937 | $1,988,143 | $9,359,047 | 179 | 179 | 2.03 |
| 2018 | $595,804 | $1,376,513 | $7,172,896 | 187 | 187 | 2.31 |
| 2019 | $3,009,684 | $9,066,146 | $39,531,168 | 772 | 772 | 3.01 |
| 2020 | $2,566,208 | $10,487,362 | $30,422,963 | 458 | 458 | 4.09 |
| 2021 | $2,368,101 | $5,333,486 | $27,450,006 | 437 | 435 | 2.25 |
| 2022 | $4,322,029 | $11,765,582 | $48,794,288 | 542 | 542 | 2.72 |
| 2023 | $8,040,484 | $23,924,842 | $115,709,605 | 725 | 725 | 2.98 |
| 2024 | $3,969,927 | $12,369,785 | $51,210,955 | 727 | 727 | 3.12 |
Commodities insured in Wilkin 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
- 1.94Low end of the filed band
- 3.23Middle of the filed band
- 4.07High end of the filed band
- 2020Worst year filed (5.50)
- 10Years filed
- $11,187,600Premium filed
- $37,047,408Indemnity paid
- $156,102,298Liability insured
- 237,945Quantity planted
- 211,723Quantity lost
- 1,216Policies
- 1,214Policies with a loss
- 3.31Loss ratio, whole span
Causes that carried the indemnity in Wilkin County
- Excess Moisture/Precipitation/Rain $14,573,568 indemnity · 9 years
- Drought $14,570,543 indemnity · 7 years
- Decline in Price $2,778,207 indemnity · 7 years
- Cold Wet Weather $2,255,610 indemnity · 7 years
- Hail $776,760 indemnity · 4 years
- ARPI/SCO/ECO/STAX/MP/HIP-WI/PACE Crops Only $609,035 indemnity · 2 years
Soybeans 10 years filed
- 2.10Low end of the filed band
- 2.43Middle of the filed band
- 2.77High end of the filed band
- 2020Worst year filed (4.04)
- 10Years filed
- $9,450,328Premium filed
- $24,330,627Indemnity paid
- $106,641,490Liability insured
- 295,433Quantity planted
- 277,151Quantity lost
- 1,719Policies
- 1,719Policies with a loss
- 2.57Loss ratio, whole span
Causes that carried the indemnity in Wilkin County
- Drought $11,412,998 indemnity · 9 years
- Excess Moisture/Precipitation/Rain $7,711,963 indemnity · 9 years
- Hail $2,325,212 indemnity · 9 years
- Cold Wet Weather $1,036,056 indemnity · 8 years
- Decline in Price $584,811 indemnity · 10 years
- ARPI/SCO/ECO/STAX/MP/HIP-WI/PACE Crops Only $309,167 indemnity · 2 years
Sugar Beets 10 years filed
- 0.44Low end of the filed band
- 2.33Middle of the filed band
- 2.70High end of the filed band
- 2019Worst year filed (4.71)
- 10Years filed
- $3,743,493Premium filed
- $10,322,642Indemnity paid
- $44,893,609Liability insured
- 43,189Quantity planted
- 37,171Quantity lost
- 748Policies
- 748Policies with a loss
- 2.76Loss ratio, whole span
Causes that carried the indemnity in Wilkin County
- Excess Moisture/Precipitation/Rain $4,514,340 indemnity · 9 years
- Drought $2,663,190 indemnity · 7 years
- Wind/Excess Wind $721,353 indemnity · 9 years
- Other (Snow, Lightning, Etc.) $686,581 indemnity · 5 years
- Freeze $587,029 indemnity · 3 years
- All Other Causes $382,651 indemnity · 5 years
Wheat 10 years filed
- 0.97Low end of the filed band
- 2.12Middle of the filed band
- 3.22High end of the filed band
- 2024Worst year filed (4.88)
- 10Years filed
- $2,543,139Premium filed
- $6,787,520Indemnity paid
- $32,956,866Liability insured
- 111,134Quantity planted
- 94,609Quantity lost
- 619Policies
- 619Policies with a loss
- 2.67Loss ratio, whole span
Causes that carried the indemnity in Wilkin County
- Excess Moisture/Precipitation/Rain $2,863,985 indemnity · 8 years
- Drought $1,725,044 indemnity · 7 years
- Cold Wet Weather $663,834 indemnity · 9 years
- Hail $396,747 indemnity · 2 years
- Mycotoxin $369,504 indemnity · 2 years
- Decline in Price $338,815 indemnity · 6 years
Every county-crop the agency files in Minnesota → Buy the Wilkin 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.