Crop-loss band · New Mexico
Lea County, New Mexico — crop-loss band
- 2.03Low end of the filed band
- 2.59Middle of the filed band
- 3.31High end of the filed band
- 2015Worst year filed (4.40)
- 10Years filed
Every year the Risk Management Agency has filed for Lea 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 2.03 at the low end to 3.31 at the high end, with 2.59 in the middle. The worst year filed is 2015, at 4.40. 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 | $299,774 | $1,318,960 | $2,351,519 | 39 | 39 | 4.40 |
| 2016 | $1,650,889 | $3,625,813 | $7,779,123 | 163 | 163 | 2.20 |
| 2017 | $2,276,425 | $4,622,833 | $10,051,602 | 199 | 199 | 2.03 |
| 2018 | $3,401,200 | $7,208,531 | $13,607,165 | 239 | 239 | 2.12 |
| 2019 | $2,979,788 | $7,880,209 | $15,039,533 | 224 | 224 | 2.64 |
| 2020 | $4,094,621 | $13,556,041 | $19,080,670 | 419 | 419 | 3.31 |
| 2021 | $3,451,996 | $8,870,670 | $14,420,925 | 333 | 333 | 2.57 |
| 2022 | $8,608,820 | $23,294,313 | $33,985,013 | 621 | 621 | 2.71 |
| 2023 | $9,023,467 | $23,807,381 | $37,126,400 | 656 | 656 | 2.64 |
| 2024 | $8,123,987 | $21,063,399 | $32,982,818 | 641 | 641 | 2.59 |
Commodities insured in Lea County
7 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.
Cotton 10 years filed
- 2.68Low end of the filed band
- 3.16Middle of the filed band
- 3.67High end of the filed band
- 2015Worst year filed (4.05)
- 10Years filed
- $15,568,203Premium filed
- $49,588,511Indemnity paid
- $70,136,641Liability insured
- 99,197Quantity planted
- 141,629Quantity lost
- 658Policies
- 658Policies with a loss
- 3.19Loss ratio, whole span
Causes that carried the indemnity in Lea County
- Hot Wind $17,066,238 indemnity · 10 years
- ARPI/SCO/STAX/MP Crops Only $8,285,029 indemnity · 7 years
- Hail $7,229,525 indemnity · 9 years
- Heat $6,603,007 indemnity · 10 years
- Wind/Excess Wind $3,687,570 indemnity · 10 years
- Freeze $2,861,839 indemnity · 7 years
Pasture,Rangeland,Forage 10 years filed
- 0.58Low end of the filed band
- 1.64Middle of the filed band
- 1.83High end of the filed band
- 2020Worst year filed (2.67)
- 10Years filed
- $19,333,494Premium filed
- $34,833,545Indemnity paid
- $68,490,431Liability insured
- 6,087,848Quantity planted
- 0Quantity lost
- 2,404Policies
- 2,404Policies with a loss
- 1.80Loss ratio, whole span
Causes that carried the indemnity in Lea County
- ARPI/SCO/STAX Crops Only $34,833,545 indemnity · 10 years
Peanuts 10 years filed
- 3.26Low end of the filed band
- 4.49Middle of the filed band
- 5.25High end of the filed band
- 2022Worst year filed (6.44)
- 10Years filed
- $2,542,498Premium filed
- $11,749,318Indemnity paid
- $16,029,892Liability insured
- 12,706Quantity planted
- 12,706Quantity lost
- 99Policies
- 99Policies with a loss
- 4.62Loss ratio, whole span
Causes that carried the indemnity in Lea County
- Hot Wind $4,963,092 indemnity · 4 years
- Heat $3,830,674 indemnity · 9 years
- Wind/Excess Wind $926,113 indemnity · 4 years
- ARPI/SCO/ECO/STAX/MP/HIP-WI/PACE Crops Only $908,416 indemnity · 2 years
- Hail $760,242 indemnity · 5 years
- Frost $145,578 indemnity · 1 years
Corn 8 years filed
- 1.00Low end of the filed band
- 4.65Middle of the filed band
- 6.51High end of the filed band
- 2022Worst year filed (6.51)
- 8Years filed
- $1,001,533Premium filed
- $5,363,487Indemnity paid
- $8,162,997Liability insured
- 9,377Quantity planted
- 9,377Quantity lost
- 41Policies
- 41Policies with a loss
- 5.36Loss ratio, whole span
Causes that carried the indemnity in Lea County
- Heat $3,721,884 indemnity · 8 years
- Hot Wind $1,480,483 indemnity · 3 years
- Hail $155,167 indemnity · 3 years
- Wind/Excess Wind $5,043 indemnity · 1 years
- Freeze $910 indemnity · 1 years
All Other Crops 5 years filed
- 1.32Low end of the filed band
- 1.88Middle of the filed band
- 5.75High end of the filed band
- 2020Worst year filed (5.75)
- 5Years filed
- $1,911,013Premium filed
- $5,273,537Indemnity paid
- $8,695,484Liability insured
- 12,485Quantity planted
- 9,043Quantity lost
- 16Policies
- 16Policies with a loss
- 2.76Loss ratio, whole span
Causes that carried the indemnity in Lea County
- Heat $2,858,109 indemnity · 2 years
- Hail $838,523 indemnity · 2 years
- Hot Wind $649,104 indemnity · 1 years
- ARPI/SCO/STAX/MP Crops Only $522,014 indemnity · 2 years
- Wind/Excess Wind $405,787 indemnity · 1 years
Annual Forage 6 years filed
- 1.34Low end of the filed band
- 1.50Middle of the filed band
- 2.59High end of the filed band
- 2020Worst year filed (2.59)
- 6Years filed
- $2,983,458Premium filed
- $4,701,705Indemnity paid
- $10,260,672Liability insured
- 58,063Quantity planted
- 0Quantity lost
- 273Policies
- 273Policies with a loss
- 1.58Loss ratio, whole span
Causes that carried the indemnity in Lea County
- ARPI/SCO/STAX/MP Crops Only $4,701,705 indemnity · 6 years
Pecans 10 years filed
- 0.79Low end of the filed band
- 6.85Middle of the filed band
- 8.04High end of the filed band
- 2015Worst year filed (12.38)
- 10Years filed
- $570,768Premium filed
- $3,738,047Indemnity paid
- $4,648,651Liability insured
- 27,443Quantity planted
- 1,936Quantity lost
- 43Policies
- 43Policies with a loss
- 6.55Loss ratio, whole span
Causes that carried the indemnity in Lea County
- Freeze $1,241,358 indemnity · 5 years
- Hail $986,250 indemnity · 7 years
- Heat $577,870 indemnity · 3 years
- Wind/Excess Wind $421,938 indemnity · 4 years
- Hot Wind $383,739 indemnity · 3 years
- Decline in Price $52,417 indemnity · 2 years
Every county-crop the agency files in New Mexico → Buy the Lea 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.