Crop-loss band · North Carolina
Union County, North Carolina — crop-loss band
- 0.98Low end of the filed band
- 2.93Middle of the filed band
- 4.92High end of the filed band
- 2015Worst year filed (5.17)
- 10Years filed
Every year the Risk Management Agency has filed for Union 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 0.98 at the low end to 4.92 at the high end, with 2.93 in the middle. The worst year filed is 2015, at 5.17. 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 | $1,580,917 | $8,165,852 | $19,034,964 | 320 | 320 | 5.17 |
| 2016 | $1,068,727 | $4,099,180 | $11,079,624 | 230 | 229 | 3.84 |
| 2017 | $990,137 | $1,204,906 | $9,274,555 | 106 | 106 | 1.22 |
| 2018 | $1,557,202 | $4,775,315 | $18,227,155 | 301 | 301 | 3.07 |
| 2019 | $1,746,466 | $6,227,541 | $16,594,457 | 333 | 333 | 3.57 |
| 2020 | $632,541 | $681,325 | $7,904,966 | 119 | 119 | 1.08 |
| 2021 | $383,606 | $1,887,824 | $2,710,981 | 127 | 126 | 4.92 |
| 2022 | $1,801,440 | $1,771,596 | $14,703,592 | 141 | 141 | 0.98 |
| 2023 | $1,130,840 | $1,374,078 | $8,473,511 | 120 | 120 | 1.22 |
| 2024 | $2,582,946 | $7,579,833 | $22,078,710 | 310 | 310 | 2.93 |
Commodities insured in Union 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
- 1.17Low end of the filed band
- 2.46Middle of the filed band
- 4.14High end of the filed band
- 2015Worst year filed (6.81)
- 10Years filed
- $4,081,698Premium filed
- $14,480,594Indemnity paid
- $47,183,999Liability insured
- 122,020Quantity planted
- 116,511Quantity lost
- 765Policies
- 764Policies with a loss
- 3.55Loss ratio, whole span
Causes that carried the indemnity in Union County
- Drought $10,378,591 indemnity · 10 years
- Heat $1,620,019 indemnity · 7 years
- Decline in Price $865,287 indemnity · 8 years
- Excess Moisture/Precipitation/Rain $769,809 indemnity · 9 years
- XX $331,530 indemnity · 6 years
- Hurricane/Tropical Depression $325,722 indemnity · 3 years
Wheat 10 years filed
- 0.45Low end of the filed band
- 2.98Middle of the filed band
- 5.60High end of the filed band
- 2019Worst year filed (5.64)
- 10Years filed
- $3,112,693Premium filed
- $12,937,415Indemnity paid
- $24,766,464Liability insured
- 110,633Quantity planted
- 110,571Quantity lost
- 501Policies
- 500Policies with a loss
- 4.16Loss ratio, whole span
Causes that carried the indemnity in Union County
- Excess Moisture/Precipitation/Rain $10,532,617 indemnity · 9 years
- Drought $785,732 indemnity · 6 years
- Mycotoxin $684,234 indemnity · 1 years
- Cold Wet Weather $255,710 indemnity · 3 years
- Heat $251,543 indemnity · 2 years
- Freeze $235,588 indemnity · 6 years
Soybeans 10 years filed
- 0.40Low end of the filed band
- 0.84Middle of the filed band
- 2.62High end of the filed band
- 2015Worst year filed (3.96)
- 10Years filed
- $5,463,227Premium filed
- $8,319,300Indemnity paid
- $54,613,535Liability insured
- 162,873Quantity planted
- 127,825Quantity lost
- 774Policies
- 774Policies with a loss
- 1.52Loss ratio, whole span
Causes that carried the indemnity in Union County
- Drought $4,804,829 indemnity · 10 years
- Excess Moisture/Precipitation/Rain $2,577,944 indemnity · 10 years
- XX $212,498 indemnity · 6 years
- Decline in Price $204,423 indemnity · 7 years
- Hurricane/Tropical Depression $198,506 indemnity · 4 years
- Heat $165,587 indemnity · 7 years
Cotton 9 years filed
- 0.49Low end of the filed band
- 2.91Middle of the filed band
- 8.49High end of the filed band
- 2015Worst year filed (8.49)
- 9Years filed
- $817,205Premium filed
- $2,030,141Indemnity paid
- $3,518,517Liability insured
- 3,664Quantity planted
- 11,531Quantity lost
- 67Policies
- 67Policies with a loss
- 2.48Loss ratio, whole span
Causes that carried the indemnity in Union County
- ARPI/SCO/STAX Crops Only $1,284,105 indemnity · 7 years
- Excess Moisture/Precipitation/Rain $481,538 indemnity · 5 years
- Drought $196,977 indemnity · 5 years
- Decline in Price $50,512 indemnity · 3 years
- Hurricane/Tropical Depression $7,492 indemnity · 1 years
- Heat $6,472 indemnity · 1 years
Every county-crop the agency files in North Carolina → Buy the Union 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.