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Crop-loss band · Nebraska
Polk County, Nebraska — crop-loss band
- 1.79Low end of the band
- 2.31Middle of the band
- 4.41High end of the band
- 2019Worst year (4.75)
- 10Years filed
Polk County by filed year
| Year | Premium | Indemnity | Liability | Policies | Policies with a loss | Loss ratio |
|---|---|---|---|---|---|---|
| 2015 | $153,491 | $274,911 | $1,931,748 | 42 | 42 | 1.79 |
| 2016 | $373,086 | $822,691 | $5,876,400 | 126 | 124 | 2.21 |
| 2017 | $408,998 | $823,233 | $6,539,989 | 180 | 180 | 2.01 |
| 2018 | $168,770 | $389,919 | $2,932,122 | 88 | 88 | 2.31 |
| 2019 | $351,637 | $1,668,920 | $6,441,909 | 206 | 206 | 4.75 |
| 2020 | $258,667 | $1,073,926 | $5,110,872 | 135 | 134 | 4.15 |
| 2021 | $176,688 | $652,029 | $2,802,641 | 62 | 62 | 3.69 |
| 2022 | $1,917,160 | $4,196,937 | $23,828,642 | 510 | 510 | 2.19 |
| 2023 | $4,371,638 | $19,284,225 | $69,845,898 | 1,194 | 1,194 | 4.41 |
| 2024 | $953,151 | $2,803,211 | $15,385,675 | 295 | 295 | 2.94 |
2 commodities insured in Polk County
| Commodity | Years | Low | Middle | High | Worst year | Whole span |
|---|---|---|---|---|---|---|
| Corn | 10 | 1.32 | 2.96 | 4.69 | 2019 (4.75) | 3.28 |
| Soybeans | 10 | 0.94 | 2.89 | 4.73 | 2023 (5.59) | 3.92 |
| Commodity | Premium | Indemnity | Liability | Planted | Lost | Policies | With a loss |
|---|---|---|---|---|---|---|---|
| Corn | $5,977,148 | $19,609,083 | $87,353,129 | 106,063 | 109,011 | 1,549 | 1,548 |
| Soybeans | $3,156,139 | $12,380,919 | $53,342,767 | 83,766 | 85,514 | 1,289 | 1,287 |
Causes that carried Polk County’s indemnity
Corn
- Drought $6,367,647 indemnity · 7 years
- Heat $2,958,772 indemnity · 6 years
- Excess Moisture/Precipitation/Rain $2,857,504 indemnity · 10 years
- Wind/Excess Wind $2,711,674 indemnity · 9 years
- Hail $2,043,167 indemnity · 9 years
- Decline in Price $1,173,996 indemnity · 8 years
Soybeans
- Drought $4,946,584 indemnity · 8 years
- Heat $3,226,820 indemnity · 6 years
- Hail $1,558,030 indemnity · 9 years
- Excess Moisture/Precipitation/Rain $1,191,548 indemnity · 10 years
- ARPI/SCO/ECO/STAX/MP/HIP-WI/PACE Crops Only $468,655 indemnity · 3 years
- Decline in Price $372,517 indemnity · 6 years
All county-crop bands in Nebraska →
Source: USDA Risk Management Agency, Cause of Loss Summary of Business. Methodology.