Crop-loss band · North Carolina
Beaufort County, North Carolina — crop-loss band
- 1.60Low end of the filed band
- 2.29Middle of the filed band
- 2.76High end of the filed band
- 2018Worst year filed (3.23)
- 10Years filed
Every year the Risk Management Agency has filed for Beaufort 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 1.60 at the low end to 2.76 at the high end, with 2.29 in the middle. The worst year filed is 2018, at 3.23. 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 | $2,409,837 | $6,008,806 | $17,970,842 | 420 | 420 | 2.49 |
| 2016 | $3,662,838 | $10,113,699 | $24,633,098 | 532 | 532 | 2.76 |
| 2017 | $1,914,463 | $3,065,829 | $12,957,219 | 290 | 290 | 1.60 |
| 2018 | $3,241,365 | $10,472,533 | $27,234,117 | 474 | 474 | 3.23 |
| 2019 | $3,636,489 | $9,971,229 | $24,941,909 | 616 | 616 | 2.74 |
| 2020 | $2,635,488 | $6,748,201 | $18,927,373 | 383 | 383 | 2.56 |
| 2021 | $2,244,183 | $5,136,420 | $14,523,583 | 354 | 354 | 2.29 |
| 2022 | $2,179,578 | $3,850,068 | $15,820,136 | 286 | 286 | 1.77 |
| 2023 | $2,902,082 | $5,701,898 | $21,779,109 | 404 | 404 | 1.96 |
| 2024 | $8,870,936 | $19,384,373 | $50,231,745 | 796 | 796 | 2.19 |
Commodities insured in Beaufort 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.
Soybeans 10 years filed
- 1.48Low end of the filed band
- 1.83Middle of the filed band
- 2.41High end of the filed band
- 2018Worst year filed (3.18)
- 10Years filed
- $14,299,053Premium filed
- $28,768,920Indemnity paid
- $89,725,724Liability insured
- 269,196Quantity planted
- 251,040Quantity lost
- 2,185Policies
- 2,185Policies with a loss
- 2.01Loss ratio, whole span
Causes that carried the indemnity in Beaufort County
- Excess Moisture/Precipitation/Rain $11,245,202 indemnity · 10 years
- Hurricane/Tropical Depression $7,218,242 indemnity · 7 years
- Drought $6,552,223 indemnity · 8 years
- Tropical Storm $2,167,823 indemnity · 2 years
- XX $693,641 indemnity · 9 years
- Decline in Price $417,655 indemnity · 8 years
Corn 10 years filed
- 1.21Low end of the filed band
- 2.55Middle of the filed band
- 3.43High end of the filed band
- 2019Worst year filed (3.78)
- 10Years filed
- $9,329,761Premium filed
- $26,321,851Indemnity paid
- $71,280,525Liability insured
- 151,903Quantity planted
- 143,021Quantity lost
- 1,207Policies
- 1,207Policies with a loss
- 2.82Loss ratio, whole span
Causes that carried the indemnity in Beaufort County
- Excess Moisture/Precipitation/Rain $7,685,140 indemnity · 10 years
- Drought $7,590,973 indemnity · 8 years
- Hurricane/Tropical Depression $5,807,237 indemnity · 6 years
- Tropical Storm $1,921,324 indemnity · 1 years
- Heat $1,404,917 indemnity · 7 years
- Hail $735,476 indemnity · 3 years
Wheat 10 years filed
- 1.74Low end of the filed band
- 2.43Middle of the filed band
- 2.89High end of the filed band
- 2016Worst year filed (3.84)
- 10Years filed
- $3,208,826Premium filed
- $9,506,913Indemnity paid
- $14,143,080Liability insured
- 75,299Quantity planted
- 75,328Quantity lost
- 670Policies
- 670Policies with a loss
- 2.96Loss ratio, whole span
Causes that carried the indemnity in Beaufort County
- Excess Moisture/Precipitation/Rain $7,793,067 indemnity · 9 years
- Frost $567,654 indemnity · 7 years
- Cold Wet Weather $564,349 indemnity · 6 years
- Hail $198,700 indemnity · 4 years
- Drought $171,277 indemnity · 5 years
- Decline in Price $85,444 indemnity · 6 years
Flue Cured Tobacco 10 years filed
- 1.91Low end of the filed band
- 3.40Middle of the filed band
- 4.56High end of the filed band
- 2020Worst year filed (4.59)
- 10Years filed
- $2,346,016Premium filed
- $7,290,263Indemnity paid
- $17,845,303Liability insured
- 5,458Quantity planted
- 5,458Quantity lost
- 203Policies
- 203Policies with a loss
- 3.11Loss ratio, whole span
Causes that carried the indemnity in Beaufort County
- Excess Moisture/Precipitation/Rain $3,090,282 indemnity · 7 years
- Hurricane/Tropical Depression $1,965,824 indemnity · 6 years
- Drought $937,151 indemnity · 5 years
- Tropical Storm $506,957 indemnity · 1 years
- Plant Disease $311,860 indemnity · 2 years
- All Other Causes $215,203 indemnity · 4 years
Cotton 10 years filed
- 1.19Low end of the filed band
- 2.01Middle of the filed band
- 3.41High end of the filed band
- 2017Worst year filed (4.93)
- 10Years filed
- $3,090,261Premium filed
- $6,606,270Indemnity paid
- $24,671,686Liability insured
- 39,272Quantity planted
- 51,416Quantity lost
- 266Policies
- 266Policies with a loss
- 2.14Loss ratio, whole span
Causes that carried the indemnity in Beaufort County
- Excess Moisture/Precipitation/Rain $2,439,485 indemnity · 10 years
- ARPI/SCO/STAX Crops Only $1,276,544 indemnity · 4 years
- Hurricane/Tropical Depression $1,235,853 indemnity · 7 years
- Drought $610,817 indemnity · 5 years
- Tropical Storm $427,245 indemnity · 1 years
- Decline in Price $294,982 indemnity · 5 years
All Other Crops 9 years filed
- 0.25Low end of the filed band
- 0.84Middle of the filed band
- 3.37High end of the filed band
- 2021Worst year filed (3.37)
- 9Years filed
- $1,423,342Premium filed
- $1,958,839Indemnity paid
- $11,352,813Liability insured
- 680Quantity planted
- 498Quantity lost
- 24Policies
- 24Policies with a loss
- 1.38Loss ratio, whole span
Causes that carried the indemnity in Beaufort County
- Drought $1,143,930 indemnity · 2 years
- Excess Moisture/Precipitation/Rain $533,468 indemnity · 6 years
- Freeze $230,523 indemnity · 1 years
- Hail $38,801 indemnity · 1 years
- Cold Wet Weather $4,750 indemnity · 1 years
- Wind/Excess Wind $4,750 indemnity · 1 years
Every county-crop the agency files in North Carolina → Buy the Beaufort 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.