Crop-loss band · North Carolina
Vance County, North Carolina — crop-loss band
- 1.79Low end of the filed band
- 3.40Middle of the filed band
- 5.50High end of the filed band
- 2020Worst year filed (5.85)
- 10Years filed
Every year the Risk Management Agency has filed for Vance 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 1.79 at the low end to 5.50 at the high end, with 3.40 in the middle. The worst year filed is 2020, at 5.85. 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 | $148,567 | $445,628 | $1,601,218 | 55 | 55 | 3.00 |
| 2016 | $194,262 | $666,477 | $2,172,972 | 84 | 84 | 3.43 |
| 2017 | $51,259 | $174,443 | $521,944 | 23 | 23 | 3.40 |
| 2018 | $185,675 | $1,021,525 | $3,206,266 | 91 | 91 | 5.50 |
| 2019 | $232,371 | $1,142,312 | $2,549,958 | 111 | 111 | 4.92 |
| 2020 | $63,453 | $371,322 | $1,001,706 | 33 | 33 | 5.85 |
| 2021 | $30,087 | $80,898 | $179,773 | 16 | 16 | 2.69 |
| 2022 | $93,841 | $270,913 | $1,195,857 | 44 | 44 | 2.89 |
| 2023 | $165,105 | $296,205 | $674,574 | 43 | 43 | 1.79 |
| 2024 | $318,482 | $1,283,191 | $3,331,150 | 106 | 106 | 4.03 |
Commodities insured in Vance 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.
Flue Cured Tobacco 10 years filed
- 4.54Low end of the filed band
- 6.51Middle of the filed band
- 8.73High end of the filed band
- 2023Worst year filed (12.72)
- 10Years filed
- $598,473Premium filed
- $3,991,497Indemnity paid
- $12,081,008Liability insured
- 3,072Quantity planted
- 3,073Quantity lost
- 217Policies
- 217Policies with a loss
- 6.67Loss ratio, whole span
Causes that carried the indemnity in Vance County
- Excess Moisture/Precipitation/Rain $1,143,122 indemnity · 9 years
- Drought $866,111 indemnity · 9 years
- Hurricane/Tropical Depression $526,560 indemnity · 5 years
- Heat $500,112 indemnity · 8 years
- Plant Disease $272,905 indemnity · 8 years
- Wind/Excess Wind $193,701 indemnity · 6 years
Soybeans 10 years filed
- 0.76Low end of the filed band
- 1.73Middle of the filed band
- 3.19High end of the filed band
- 2020Worst year filed (3.32)
- 10Years filed
- $884,629Premium filed
- $1,761,417Indemnity paid
- $4,354,410Liability insured
- 20,141Quantity planted
- 20,281Quantity lost
- 389Policies
- 389Policies with a loss
- 1.99Loss ratio, whole span
Causes that carried the indemnity in Vance County
- Drought $883,439 indemnity · 9 years
- Heat $316,217 indemnity · 7 years
- Excess Moisture/Precipitation/Rain $233,090 indemnity · 9 years
- ARPI/SCO/STAX/MP Crops Only $154,927 indemnity · 4 years
- Wildlife $80,135 indemnity · 7 years
- XX $60,891 indemnity · 7 years
Every county-crop the agency files in North Carolina → Buy the Vance 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.