Crop-loss band · South Dakota
Faulk County, South Dakota — crop-loss band
- 1.30Low end of the filed band
- 2.18Middle of the filed band
- 3.96High end of the filed band
- 2019Worst year filed (4.15)
- 10Years filed
Every year the Risk Management Agency has filed for Faulk 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 1.30 at the low end to 3.96 at the high end, with 2.18 in the middle. The worst year filed is 2019, at 4.15. 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 | $580,762 | $1,160,690 | $3,154,456 | 108 | 108 | 2.00 |
| 2016 | $4,513,905 | $5,885,594 | $23,742,360 | 329 | 329 | 1.30 |
| 2017 | $3,445,987 | $9,273,823 | $21,529,219 | 397 | 397 | 2.69 |
| 2018 | $11,023,576 | $23,921,271 | $81,802,411 | 898 | 898 | 2.17 |
| 2019 | $6,485,415 | $26,931,351 | $30,765,727 | 847 | 846 | 4.15 |
| 2020 | $3,927,779 | $15,542,587 | $18,316,362 | 822 | 822 | 3.96 |
| 2021 | $14,811,953 | $27,475,145 | $102,088,460 | 778 | 778 | 1.85 |
| 2022 | $3,506,251 | $11,245,564 | $16,350,941 | 602 | 602 | 3.21 |
| 2023 | $2,770,655 | $9,692,437 | $14,003,543 | 569 | 569 | 3.50 |
| 2024 | $4,635,027 | $10,106,838 | $30,503,795 | 734 | 734 | 2.18 |
Commodities insured in Faulk County
5 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.
Corn 10 years filed
- 1.29Low end of the filed band
- 2.41Middle of the filed band
- 3.74High end of the filed band
- 2020Worst year filed (4.31)
- 10Years filed
- $28,022,248Premium filed
- $72,185,658Indemnity paid
- $161,205,937Liability insured
- 393,186Quantity planted
- 390,679Quantity lost
- 2,135Policies
- 2,135Policies with a loss
- 2.58Loss ratio, whole span
Causes that carried the indemnity in Faulk County
- Excess Moisture/Precipitation/Rain $33,235,257 indemnity · 10 years
- Drought $27,820,666 indemnity · 8 years
- Cold Wet Weather $6,893,756 indemnity · 6 years
- Hail $1,562,631 indemnity · 9 years
- Decline in Price $870,510 indemnity · 7 years
- Heat $822,781 indemnity · 4 years
Soybeans 10 years filed
- 0.92Low end of the filed band
- 2.08Middle of the filed band
- 4.54High end of the filed band
- 2019Worst year filed (5.03)
- 10Years filed
- $20,519,693Premium filed
- $48,405,965Indemnity paid
- $141,856,440Liability insured
- 453,878Quantity planted
- 471,113Quantity lost
- 2,276Policies
- 2,276Policies with a loss
- 2.36Loss ratio, whole span
Causes that carried the indemnity in Faulk County
- Drought $18,839,878 indemnity · 8 years
- Excess Moisture/Precipitation/Rain $17,289,560 indemnity · 10 years
- Hail $3,984,758 indemnity · 10 years
- Cold Wet Weather $3,658,309 indemnity · 8 years
- Wind/Excess Wind $1,601,963 indemnity · 4 years
- Decline in Price $1,052,225 indemnity · 7 years
Wheat 10 years filed
- 1.74Low end of the filed band
- 2.15Middle of the filed band
- 4.20High end of the filed band
- 2017Worst year filed (4.41)
- 10Years filed
- $4,080,689Premium filed
- $13,184,430Indemnity paid
- $24,928,045Liability insured
- 101,662Quantity planted
- 101,626Quantity lost
- 816Policies
- 815Policies with a loss
- 3.23Loss ratio, whole span
Causes that carried the indemnity in Faulk County
- Drought $7,136,134 indemnity · 8 years
- Excess Moisture/Precipitation/Rain $3,212,231 indemnity · 10 years
- Cold Wet Weather $680,596 indemnity · 6 years
- Plant Disease $533,834 indemnity · 4 years
- Hail $385,850 indemnity · 8 years
- Decline in Price $326,846 indemnity · 5 years
Pasture,Rangeland,Forage 9 years filed
- 0.26Low end of the filed band
- 2.10Middle of the filed band
- 2.40High end of the filed band
- 2021Worst year filed (2.40)
- 9Years filed
- $2,225,606Premium filed
- $4,255,461Indemnity paid
- $10,203,454Liability insured
- 138,606Quantity planted
- 0Quantity lost
- 781Policies
- 781Policies with a loss
- 1.91Loss ratio, whole span
Causes that carried the indemnity in Faulk County
- ARPI/SCO/STAX Crops Only $4,255,461 indemnity · 9 years
Sunflowers 9 years filed
- 1.57Low end of the filed band
- 2.76Middle of the filed band
- 6.52High end of the filed band
- 2017Worst year filed (6.52)
- 9Years filed
- $853,073Premium filed
- $3,203,786Indemnity paid
- $4,063,398Liability insured
- 13,434Quantity planted
- 13,362Quantity lost
- 76Policies
- 76Policies with a loss
- 3.76Loss ratio, whole span
Causes that carried the indemnity in Faulk County
- Excess Moisture/Precipitation/Rain $1,412,640 indemnity · 8 years
- Drought $1,257,558 indemnity · 3 years
- XX $356,843 indemnity · 1 years
- Cold Wet Weather $110,113 indemnity · 2 years
- Hail $41,407 indemnity · 2 years
- Wind/Excess Wind $25,225 indemnity · 1 years
Every county-crop the agency files in South Dakota → Buy the Faulk 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.