Crop-loss band · Minnesota
Wright County, Minnesota — crop-loss band
- 1.29Low end of the filed band
- 1.98Middle of the filed band
- 2.72High end of the filed band
- 2019Worst year filed (3.48)
- 10Years filed
Every year the Risk Management Agency has filed for Wright 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 1.29 at the low end to 2.72 at the high end, with 1.98 in the middle. The worst year filed is 2019, at 3.48. 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 | $59,971 | $118,940 | $591,635 | 29 | 29 | 1.98 |
| 2016 | $468,615 | $606,710 | $5,200,776 | 137 | 136 | 1.29 |
| 2017 | $876,598 | $1,505,103 | $7,909,934 | 162 | 162 | 1.72 |
| 2018 | $520,692 | $1,127,311 | $5,025,032 | 128 | 127 | 2.17 |
| 2019 | $1,863,739 | $6,493,355 | $18,754,435 | 508 | 507 | 3.48 |
| 2020 | $55,421 | $135,508 | $518,126 | 15 | 15 | 2.45 |
| 2021 | $3,156,529 | $8,574,047 | $30,250,391 | 486 | 485 | 2.72 |
| 2022 | $1,127,289 | $1,687,714 | $9,539,180 | 168 | 168 | 1.50 |
| 2023 | $2,732,806 | $4,285,336 | $25,853,832 | 383 | 383 | 1.57 |
| 2024 | $3,568,470 | $7,379,748 | $36,557,148 | 604 | 604 | 2.07 |
Commodities insured in Wright County
2 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
- 1.26Low end of the filed band
- 1.99Middle of the filed band
- 3.75High end of the filed band
- 2019Worst year filed (3.85)
- 10Years filed
- $9,963,287Premium filed
- $22,434,482Indemnity paid
- $96,394,098Liability insured
- 147,948Quantity planted
- 141,220Quantity lost
- 1,543Policies
- 1,541Policies with a loss
- 2.25Loss ratio, whole span
Causes that carried the indemnity in Wright County
- Drought $10,882,206 indemnity · 8 years
- Excess Moisture/Precipitation/Rain $8,680,993 indemnity · 8 years
- ARPI/SCO/ECO/STAX/MP/HIP WI Crops Only $769,556 indemnity · 3 years
- Cold Wet Weather $606,219 indemnity · 5 years
- Decline in Price $425,079 indemnity · 8 years
- Heat $388,114 indemnity · 5 years
Soybeans 10 years filed
- 1.06Low end of the filed band
- 1.67Middle of the filed band
- 2.72High end of the filed band
- 2021Worst year filed (2.95)
- 10Years filed
- $4,466,843Premium filed
- $9,479,290Indemnity paid
- $43,806,391Liability insured
- 103,418Quantity planted
- 99,113Quantity lost
- 1,077Policies
- 1,075Policies with a loss
- 2.12Loss ratio, whole span
Causes that carried the indemnity in Wright County
- Excess Moisture/Precipitation/Rain $5,269,310 indemnity · 9 years
- Drought $2,865,762 indemnity · 8 years
- Decline in Price $384,497 indemnity · 8 years
- Hail $317,002 indemnity · 6 years
- Cold Wet Weather $254,297 indemnity · 6 years
- ARPI/SCO/ECO/STAX/MP/PACE Crops Only $171,960 indemnity · 1 years
Every county-crop the agency files in Minnesota → Buy the Wright 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.