Crop-loss band · South Dakota
Lake County, South Dakota — crop-loss band
- 1.01Low end of the filed band
- 1.96Middle of the filed band
- 5.64High end of the filed band
- 2020Worst year filed (6.32)
- 10Years filed
Every year the Risk Management Agency has filed for Lake 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 1.01 at the low end to 5.64 at the high end, with 1.96 in the middle. The worst year filed is 2020, at 6.32. 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 | $262,283 | $799,232 | $3,390,045 | 107 | 107 | 3.05 |
| 2016 | $273,244 | $310,493 | $3,184,961 | 96 | 96 | 1.14 |
| 2017 | $576,284 | $580,936 | $6,324,319 | 205 | 205 | 1.01 |
| 2018 | $159,140 | $764,726 | $1,594,216 | 134 | 134 | 4.81 |
| 2019 | $5,351,233 | $30,189,919 | $45,660,094 | 1,161 | 1,161 | 5.64 |
| 2020 | $624,111 | $3,941,341 | $5,352,420 | 630 | 630 | 6.32 |
| 2021 | $5,441,329 | $11,061,504 | $60,491,110 | 742 | 742 | 2.03 |
| 2022 | $4,520,427 | $7,985,590 | $50,669,997 | 571 | 571 | 1.77 |
| 2023 | $6,707,431 | $7,243,807 | $72,201,404 | 539 | 539 | 1.08 |
| 2024 | $2,950,208 | $5,778,907 | $38,335,527 | 585 | 584 | 1.96 |
Commodities insured in Lake County
3 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
- 0.73Low end of the filed band
- 2.16Middle of the filed band
- 5.56High end of the filed band
- 2020Worst year filed (6.97)
- 10Years filed
- $17,744,929Premium filed
- $48,048,095Indemnity paid
- $182,697,038Liability insured
- 227,238Quantity planted
- 268,598Quantity lost
- 1,987Policies
- 1,986Policies with a loss
- 2.71Loss ratio, whole span
Causes that carried the indemnity in Lake County
- Excess Moisture/Precipitation/Rain $23,933,534 indemnity · 9 years
- Drought $10,272,695 indemnity · 8 years
- ARPI/SCO/STAX/MP Crops Only $8,964,887 indemnity · 5 years
- Cold Wet Weather $3,097,850 indemnity · 8 years
- Decline in Price $819,187 indemnity · 7 years
- Wind/Excess Wind $430,943 indemnity · 4 years
Soybeans 10 years filed
- 0.48Low end of the filed band
- 1.80Middle of the filed band
- 5.95High end of the filed band
- 2020Worst year filed (6.79)
- 10Years filed
- $8,278,018Premium filed
- $18,924,635Indemnity paid
- $99,398,488Liability insured
- 150,273Quantity planted
- 188,267Quantity lost
- 1,722Policies
- 1,722Policies with a loss
- 2.29Loss ratio, whole span
Causes that carried the indemnity in Lake County
- Excess Moisture/Precipitation/Rain $8,371,380 indemnity · 10 years
- ARPI/SCO/STAX/MP Crops Only $5,172,051 indemnity · 5 years
- Drought $3,650,786 indemnity · 8 years
- Cold Wet Weather $657,580 indemnity · 6 years
- Hail $604,893 indemnity · 7 years
- Decline in Price $301,942 indemnity · 6 years
Pasture,Rangeland,Forage 9 years filed
- 0.56Low end of the filed band
- 2.03Middle of the filed band
- 2.86High end of the filed band
- 2015Worst year filed (2.86)
- 9Years filed
- $842,743Premium filed
- $1,683,725Indemnity paid
- $5,108,567Liability insured
- 51,542Quantity planted
- 0Quantity lost
- 1,061Policies
- 1,061Policies with a loss
- 2.00Loss ratio, whole span
Causes that carried the indemnity in Lake County
- ARPI/SCO/STAX Crops Only $1,683,725 indemnity · 9 years
Every county-crop the agency files in South Dakota → Buy the Lake 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.