Crop-loss band · New Jersey
Salem County, New Jersey — crop-loss band
- 0.94Low end of the filed band
- 2.21Middle of the filed band
- 2.74High end of the filed band
- 2022Worst year filed (3.68)
- 10Years filed
Every year the Risk Management Agency has filed for Salem 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 0.94 at the low end to 2.74 at the high end, with 2.21 in the middle. The worst year filed is 2022, at 3.68. 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 | $450,645 | $1,004,137 | $3,284,772 | 105 | 105 | 2.23 |
| 2016 | $251,333 | $467,192 | $1,695,672 | 97 | 95 | 1.86 |
| 2017 | $64,004 | $59,963 | $443,984 | 32 | 32 | 0.94 |
| 2018 | $422,533 | $1,156,337 | $3,863,053 | 154 | 153 | 2.74 |
| 2019 | $358,712 | $793,320 | $3,436,771 | 101 | 101 | 2.21 |
| 2020 | $75,253 | $205,585 | $557,349 | 22 | 22 | 2.73 |
| 2021 | $65,658 | $159,698 | $433,631 | 14 | 14 | 2.43 |
| 2022 | $1,196,716 | $4,406,741 | $10,326,945 | 174 | 174 | 3.68 |
| 2023 | $201,311 | $420,567 | $1,714,600 | 37 | 37 | 2.09 |
| 2024 | $499,564 | $1,092,345 | $4,326,417 | 87 | 87 | 2.19 |
Commodities insured in Salem 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.
Soybeans 10 years filed
- 0.73Low end of the filed band
- 2.23Middle of the filed band
- 2.88High end of the filed band
- 2022Worst year filed (2.94)
- 10Years filed
- $2,269,934Premium filed
- $5,679,061Indemnity paid
- $17,893,534Liability insured
- 56,305Quantity planted
- 53,924Quantity lost
- 511Policies
- 511Policies with a loss
- 2.50Loss ratio, whole span
Causes that carried the indemnity in Salem County
- Drought $3,331,018 indemnity · 9 years
- Heat $1,166,830 indemnity · 7 years
- Excess Moisture/Precipitation/Rain $830,498 indemnity · 10 years
- Decline in Price $237,717 indemnity · 9 years
- Wildlife $53,855 indemnity · 6 years
- Other (Snow, Lightning, Etc.) $29,031 indemnity · 1 years
Corn 10 years filed
- 1.34Low end of the filed band
- 2.05Middle of the filed band
- 4.74High end of the filed band
- 2020Worst year filed (5.03)
- 10Years filed
- $1,315,795Premium filed
- $4,086,824Indemnity paid
- $12,189,659Liability insured
- 23,229Quantity planted
- 22,551Quantity lost
- 312Policies
- 309Policies with a loss
- 3.11Loss ratio, whole span
Causes that carried the indemnity in Salem County
- Drought $2,792,995 indemnity · 8 years
- Heat $695,810 indemnity · 5 years
- Excess Moisture/Precipitation/Rain $440,365 indemnity · 7 years
- Decline in Price $93,331 indemnity · 6 years
- Wildlife $39,335 indemnity · 4 years
- Tornado $13,721 indemnity · 1 years
Every county-crop the agency files in New Jersey → Buy the Salem 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.