Crop-loss band · North Carolina
Franklin County, North Carolina — crop-loss band
- 2.55Low end of the filed band
- 3.76Middle of the filed band
- 4.91High end of the filed band
- 2018Worst year filed (5.16)
- 10Years filed
Every year the Risk Management Agency has filed for Franklin 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 2.55 at the low end to 4.91 at the high end, with 3.76 in the middle. The worst year filed is 2018, at 5.16. 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 | $827,145 | $2,868,263 | $7,476,262 | 158 | 158 | 3.47 |
| 2016 | $1,012,677 | $4,301,500 | $9,790,754 | 215 | 215 | 4.25 |
| 2017 | $544,326 | $2,047,423 | $5,575,959 | 81 | 81 | 3.76 |
| 2018 | $1,335,460 | $6,892,269 | $12,500,786 | 198 | 198 | 5.16 |
| 2019 | $1,229,589 | $4,743,703 | $10,278,020 | 212 | 212 | 3.86 |
| 2020 | $1,171,360 | $5,757,131 | $10,804,884 | 185 | 185 | 4.91 |
| 2021 | $1,264,886 | $3,230,434 | $10,026,873 | 128 | 128 | 2.55 |
| 2022 | $769,224 | $2,159,681 | $8,970,337 | 120 | 120 | 2.81 |
| 2023 | $888,020 | $2,887,383 | $6,644,224 | 151 | 151 | 3.25 |
| 2024 | $1,629,112 | $6,292,140 | $14,313,428 | 273 | 273 | 3.86 |
Commodities insured in Franklin County
5 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.
Flue Cured Tobacco 10 years filed
- 2.35Low end of the filed band
- 5.40Middle of the filed band
- 6.12High end of the filed band
- 2016Worst year filed (6.39)
- 10Years filed
- $5,695,246Premium filed
- $30,430,357Indemnity paid
- $65,877,653Liability insured
- 15,319Quantity planted
- 15,319Quantity lost
- 647Policies
- 647Policies with a loss
- 5.34Loss ratio, whole span
Causes that carried the indemnity in Franklin County
- Drought $7,830,161 indemnity · 10 years
- Excess Moisture/Precipitation/Rain $5,220,882 indemnity · 10 years
- Hurricane/Tropical Depression $4,194,740 indemnity · 8 years
- Plant Disease $3,160,713 indemnity · 10 years
- ARPI/SCO/STAX/MP Crops Only $3,138,181 indemnity · 4 years
- Heat $2,470,522 indemnity · 10 years
Soybeans 10 years filed
- 1.25Low end of the filed band
- 1.70Middle of the filed band
- 2.19High end of the filed band
- 2023Worst year filed (2.71)
- 10Years filed
- $3,416,685Premium filed
- $6,436,583Indemnity paid
- $16,394,140Liability insured
- 65,669Quantity planted
- 65,584Quantity lost
- 725Policies
- 725Policies with a loss
- 1.88Loss ratio, whole span
Causes that carried the indemnity in Franklin County
- Drought $2,956,562 indemnity · 10 years
- Excess Moisture/Precipitation/Rain $1,625,601 indemnity · 10 years
- Heat $619,799 indemnity · 7 years
- Tropical Storm $485,097 indemnity · 2 years
- Hurricane/Tropical Depression $479,839 indemnity · 7 years
- Wildlife $136,077 indemnity · 8 years
Corn 9 years filed
- 2.27Low end of the filed band
- 3.13Middle of the filed band
- 11.18High end of the filed band
- 2016Worst year filed (11.18)
- 9Years filed
- $443,661Premium filed
- $1,609,528Indemnity paid
- $2,623,556Liability insured
- 5,911Quantity planted
- 5,911Quantity lost
- 136Policies
- 136Policies with a loss
- 3.63Loss ratio, whole span
Causes that carried the indemnity in Franklin County
- Drought $969,504 indemnity · 8 years
- Excess Moisture/Precipitation/Rain $220,751 indemnity · 6 years
- Hurricane/Tropical Depression $160,395 indemnity · 4 years
- Tropical Storm $97,415 indemnity · 1 years
- Heat $74,312 indemnity · 3 years
- All Other Causes $66,971 indemnity · 4 years
All Other Crops 5 years filed
- 0.76Low end of the filed band
- 0.81Middle of the filed band
- 3.55High end of the filed band
- 2021Worst year filed (3.55)
- 5Years filed
- $588,820Premium filed
- $1,510,896Indemnity paid
- $8,318,969Liability insured
- 1,161Quantity planted
- 0Quantity lost
- 14Policies
- 14Policies with a loss
- 2.57Loss ratio, whole span
Causes that carried the indemnity in Franklin County
- Heat $718,048 indemnity · 2 years
- Hurricane/Tropical Depression $714,972 indemnity · 2 years
- Drought $52,288 indemnity · 1 years
- ARPI/SCO/STAX/MP Crops Only $25,588 indemnity · 3 years
Wheat 10 years filed
- 1.20Low end of the filed band
- 2.50Middle of the filed band
- 2.84High end of the filed band
- 2022Worst year filed (5.62)
- 10Years filed
- $527,387Premium filed
- $1,192,563Indemnity paid
- $3,167,209Liability insured
- 14,487Quantity planted
- 14,451Quantity lost
- 199Policies
- 199Policies with a loss
- 2.26Loss ratio, whole span
Causes that carried the indemnity in Franklin County
- Excess Moisture/Precipitation/Rain $601,166 indemnity · 9 years
- Drought $132,345 indemnity · 5 years
- ARPI/SCO/ECO/STAX/MP/HIP-WI/PACE Crops Only $110,466 indemnity · 2 years
- Frost $103,054 indemnity · 3 years
- Cold Wet Weather $71,273 indemnity · 5 years
- Freeze $71,108 indemnity · 1 years
Every county-crop the agency files in North Carolina → Buy the Franklin 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.