Crop-loss band · North Carolina
Richmond County, North Carolina — crop-loss band
- 1.30Low end of the filed band
- 3.62Middle of the filed band
- 5.13High end of the filed band
- 2020Worst year filed (5.68)
- 10Years filed
Every year the Risk Management Agency has filed for Richmond County is in the series below, from 2016 to 2024. Read across those years the county’s annual loss ratio — indemnity divided by premium — runs from 1.30 at the low end to 5.13 at the high end, with 3.62 in the middle. The worst year filed is 2020, at 5.68. 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 | $90,131 | $375,923 | $655,543 | 55 | 55 | 4.17 |
| 2016 | $64,170 | $232,602 | $408,721 | 38 | 38 | 3.62 |
| 2017 | $229,913 | $713,549 | $1,669,442 | 33 | 32 | 3.10 |
| 2018 | $136,259 | $699,162 | $1,097,095 | 59 | 57 | 5.13 |
| 2019 | $44,625 | $174,890 | $383,064 | 50 | 45 | 3.92 |
| 2020 | $131,748 | $748,876 | $1,402,935 | 26 | 26 | 5.68 |
| 2021 | $17,738 | $33,875 | $81,611 | 10 | 8 | 1.91 |
| 2022 | $219,783 | $285,579 | $956,446 | 19 | 19 | 1.30 |
| 2023 | $235,483 | $442,777 | $1,273,940 | 27 | 27 | 1.88 |
| 2024 | $291,681 | $1,171,126 | $2,098,549 | 44 | 44 | 4.02 |
Commodities insured in Richmond 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.
Cotton 7 years filed
- 1.07Low end of the filed band
- 3.74Middle of the filed band
- 8.90High end of the filed band
- 2020Worst year filed (8.90)
- 7Years filed
- $654,777Premium filed
- $2,214,084Indemnity paid
- $3,604,422Liability insured
- 4,345Quantity planted
- 10,627Quantity lost
- 52Policies
- 52Policies with a loss
- 3.38Loss ratio, whole span
Causes that carried the indemnity in Richmond County
- ARPI/SCO/STAX/MP Crops Only $871,927 indemnity · 6 years
- Excess Moisture/Precipitation/Rain $757,736 indemnity · 4 years
- Cold Wet Weather $180,948 indemnity · 2 years
- Drought $148,481 indemnity · 4 years
- Hurricane/Tropical Depression $132,611 indemnity · 1 years
- Hail $99,314 indemnity · 1 years
Soybeans 10 years filed
- 0.78Low end of the filed band
- 1.93Middle of the filed band
- 4.91High end of the filed band
- 2018Worst year filed (5.21)
- 10Years filed
- $516,503Premium filed
- $1,482,826Indemnity paid
- $3,406,992Liability insured
- 14,754Quantity planted
- 14,118Quantity lost
- 196Policies
- 186Policies with a loss
- 2.87Loss ratio, whole span
Causes that carried the indemnity in Richmond County
- Drought $667,897 indemnity · 10 years
- Heat $260,943 indemnity · 9 years
- Hurricane/Tropical Depression $250,394 indemnity · 2 years
- Excess Moisture/Precipitation/Rain $196,453 indemnity · 6 years
- Tropical Storm $92,051 indemnity · 1 years
- Wildlife $13,020 indemnity · 5 years
Corn 9 years filed
- 1.75Low end of the filed band
- 3.67Middle of the filed band
- 7.45High end of the filed band
- 2015Worst year filed (7.45)
- 9Years filed
- $290,251Premium filed
- $1,181,449Indemnity paid
- $3,015,932Liability insured
- 7,629Quantity planted
- 6,932Quantity lost
- 113Policies
- 113Policies with a loss
- 4.07Loss ratio, whole span
Causes that carried the indemnity in Richmond County
- Drought $417,780 indemnity · 9 years
- Tropical Storm $257,556 indemnity · 1 years
- Excess Moisture/Precipitation/Rain $207,536 indemnity · 7 years
- Heat $157,652 indemnity · 7 years
- Hurricane/Tropical Depression $125,531 indemnity · 2 years
- Hurricane $8,389 indemnity · 1 years
Every county-crop the agency files in North Carolina → Buy the Richmond 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.