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Crop-loss band · Nebraska
Sherman County, Nebraska — crop-loss band
- 1.53Low end of the band
- 2.07Middle of the band
- 2.52High end of the band
- 2019Worst year (3.23)
- 10Years filed
What stands out
- Between its 2023 and 2024 filings its loss ratio fell from 2.07 to 1.99 and its premium fell from $4,040,885 to $988,042.
- Its middle loss ratio of 2.07 ranks 58th highest of the 88 counties in Nebraska with a filed crop-loss record.
- It insures 3 commodities, against a range of 2 to 10 across Nebraska’s 88 county records.
- Across its 10 filed years it paid $27,725,143 of indemnity on $12,515,275 of premium, a loss ratio of 2.22.
- Every one of its 10 filed years ran a loss ratio above 1.0; its lowest was 1.53 in 2021 and its highest 3.23 in 2019.
Every line is computed by formula from this county’s own filed figures; nothing is estimated.
Sherman County by filed year
| Year | Premium | Indemnity | Liability | Policies | Policies with a loss | Loss ratio |
|---|---|---|---|---|---|---|
| 2015 | $869,298 | $1,413,978 | $5,301,712 | 278 | 277 | 1.63 |
| 2016 | $258,932 | $521,370 | $2,543,194 | 92 | 89 | 2.01 |
| 2017 | $677,175 | $1,456,926 | $7,678,655 | 183 | 183 | 2.15 |
| 2018 | $218,050 | $548,519 | $2,814,292 | 63 | 63 | 2.52 |
| 2019 | $565,646 | $1,827,344 | $7,143,389 | 158 | 158 | 3.23 |
| 2020 | $394,531 | $931,520 | $3,123,031 | 108 | 107 | 2.36 |
| 2021 | $220,898 | $338,401 | $1,627,855 | 91 | 91 | 1.53 |
| 2022 | $4,281,818 | $10,341,633 | $25,043,978 | 688 | 688 | 2.42 |
| 2023 | $4,040,885 | $8,380,851 | $26,626,712 | 680 | 680 | 2.07 |
| 2024 | $988,042 | $1,964,601 | $9,515,461 | 271 | 271 | 1.99 |
3 commodities insured in Sherman County
| Commodity | Years | Low | Middle | High | Worst year | Whole span |
|---|---|---|---|---|---|---|
| Corn | 10 | 1.39 | 1.95 | 3.34 | 2019 (3.35) | 2.18 |
| Soybeans | 10 | 0.88 | 1.92 | 2.87 | 2020 (3.97) | 2.34 |
| Pasture,Rangeland,Forage | 10 | 1.34 | 1.67 | 2.41 | 2020 (2.45) | 2.14 |
| Commodity | Premium | Indemnity | Liability | Planted | Lost | Policies | With a loss |
|---|---|---|---|---|---|---|---|
| Corn | $8,468,067 | $18,429,630 | $59,374,021 | 96,010 | 95,593 | 1,288 | 1,286 |
| Soybeans | $3,237,458 | $7,564,448 | $27,577,491 | 53,477 | 52,650 | 861 | 858 |
| Pasture,Rangeland,Forage | $809,750 | $1,731,065 | $4,466,767 | 73,008 | 0 | 463 | 463 |
Causes that carried Sherman County’s indemnity
Corn
- Drought $7,960,927 indemnity · 8 years
- Hail $3,605,623 indemnity · 10 years
- Excess Moisture/Precipitation/Rain $2,357,735 indemnity · 9 years
- Wind/Excess Wind $1,523,721 indemnity · 10 years
- Heat $1,437,750 indemnity · 7 years
- Decline in Price $748,675 indemnity · 7 years
Soybeans
- Drought $3,272,223 indemnity · 8 years
- Hail $1,742,067 indemnity · 9 years
- Heat $895,602 indemnity · 8 years
- Excess Moisture/Precipitation/Rain $736,813 indemnity · 10 years
- Decline in Price $341,841 indemnity · 7 years
- Hot Wind $210,343 indemnity · 4 years
Pasture,Rangeland,Forage
- ARPI/SCO/STAX Crops Only $1,731,065 indemnity · 10 years
All county-crop bands in Nebraska →
Source: USDA Risk Management Agency, Cause of Loss Summary of Business. Methodology.