Crop-loss band · Virginia
Franklin County, Virginia — crop-loss band
- 1.51Low end of the filed band
- 2.41Middle of the filed band
- 2.53High end of the filed band
- 2024Worst year filed (2.56)
- 10Years filed
Every year the Risk Management Agency has filed for Franklin 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 1.51 at the low end to 2.53 at the high end, with 2.41 in the middle. The worst year filed is 2024, at 2.56. 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 | $369,215 | $898,344 | $1,945,852 | 206 | 206 | 2.43 |
| 2016 | $338,180 | $855,187 | $1,458,636 | 213 | 213 | 2.53 |
| 2017 | $834,992 | $1,651,420 | $3,367,374 | 362 | 362 | 1.98 |
| 2018 | $477,371 | $1,161,356 | $2,042,645 | 75 | 75 | 2.43 |
| 2019 | $824,252 | $1,245,900 | $3,321,736 | 309 | 308 | 1.51 |
| 2020 | $544,515 | $1,251,230 | $1,913,180 | 84 | 84 | 2.30 |
| 2021 | $457,206 | $1,105,419 | $2,336,810 | 202 | 202 | 2.42 |
| 2022 | $315,611 | $761,800 | $1,666,301 | 89 | 89 | 2.41 |
| 2023 | $500,167 | $994,917 | $2,493,368 | 174 | 174 | 1.99 |
| 2024 | $1,014,569 | $2,597,607 | $5,005,343 | 254 | 254 | 2.56 |
Commodities insured in Franklin County
6 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
- 0.67Low end of the filed band
- 1.47Middle of the filed band
- 2.72High end of the filed band
- 2024Worst year filed (2.80)
- 10Years filed
- $2,324,727Premium filed
- $4,593,438Indemnity paid
- $9,114,089Liability insured
- 25,669Quantity planted
- 25,687Quantity lost
- 311Policies
- 311Policies with a loss
- 1.98Loss ratio, whole span
Causes that carried the indemnity in Franklin County
- Drought $2,346,643 indemnity · 10 years
- Heat $1,622,711 indemnity · 9 years
- Excess Moisture/Precipitation/Rain $385,389 indemnity · 7 years
- Wildlife $82,455 indemnity · 8 years
- Hurricane/Tropical Depression $63,118 indemnity · 2 years
- Decline in Price $37,854 indemnity · 4 years
Flue Cured Tobacco 10 years filed
- 3.16Low end of the filed band
- 5.00Middle of the filed band
- 7.09High end of the filed band
- 2017Worst year filed (7.98)
- 10Years filed
- $571,633Premium filed
- $2,959,103Indemnity paid
- $5,503,281Liability insured
- 1,337Quantity planted
- 1,337Quantity lost
- 78Policies
- 78Policies with a loss
- 5.18Loss ratio, whole span
Causes that carried the indemnity in Franklin County
- ARPI/SCO/STAX/MP Crops Only $1,166,614 indemnity · 7 years
- Excess Moisture/Precipitation/Rain $574,663 indemnity · 7 years
- Plant Disease $394,918 indemnity · 5 years
- Hurricane/Tropical Depression $257,781 indemnity · 3 years
- Drought $211,633 indemnity · 5 years
- Hail $148,315 indemnity · 3 years
All Other Crops 6 years filed
- 1.08Low end of the filed band
- 2.34Middle of the filed band
- 3.30High end of the filed band
- 2016Worst year filed (3.30)
- 6Years filed
- $927,209Premium filed
- $1,984,700Indemnity paid
- $2,038,807Liability insured
- 386Quantity planted
- 492Quantity lost
- 30Policies
- 30Policies with a loss
- 2.14Loss ratio, whole span
Causes that carried the indemnity in Franklin County
- Freeze $1,457,307 indemnity · 6 years
- XX $213,789 indemnity · 3 years
- Hail $155,565 indemnity · 4 years
- Cold Winter $147,733 indemnity · 1 years
- Excess Moisture/Precipitation/Rain $10,306 indemnity · 1 years
Soybeans 10 years filed
- 0.86Low end of the filed band
- 1.34Middle of the filed band
- 2.06High end of the filed band
- 2019Worst year filed (2.08)
- 10Years filed
- $939,543Premium filed
- $1,401,863Indemnity paid
- $3,627,470Liability insured
- 13,347Quantity planted
- 13,404Quantity lost
- 233Policies
- 233Policies with a loss
- 1.49Loss ratio, whole span
Causes that carried the indemnity in Franklin County
- Drought $805,452 indemnity · 10 years
- Heat $234,644 indemnity · 4 years
- Excess Moisture/Precipitation/Rain $154,329 indemnity · 8 years
- Wildlife $95,578 indemnity · 8 years
- ARPI/SCO/ECO/STAX/MP/PACE Crops Only $61,450 indemnity · 1 years
- All Other Causes $18,684 indemnity · 4 years
Pasture,Rangeland,Forage 9 years filed
- 0.04Low end of the filed band
- 1.63Middle of the filed band
- 2.48High end of the filed band
- 2021Worst year filed (2.48)
- 9Years filed
- $547,262Premium filed
- $946,440Indemnity paid
- $4,074,060Liability insured
- 28,665Quantity planted
- 0Quantity lost
- 1,236Policies
- 1,235Policies with a loss
- 1.73Loss ratio, whole span
Causes that carried the indemnity in Franklin County
- ARPI/SCO/STAX Crops Only $946,440 indemnity · 9 years
Wheat 10 years filed
- 1.10Low end of the filed band
- 1.64Middle of the filed band
- 2.68High end of the filed band
- 2022Worst year filed (2.83)
- 10Years filed
- $365,704Premium filed
- $637,636Indemnity paid
- $1,193,538Liability insured
- 5,208Quantity planted
- 5,208Quantity lost
- 80Policies
- 80Policies with a loss
- 1.74Loss ratio, whole span
Causes that carried the indemnity in Franklin County
- Excess Moisture/Precipitation/Rain $486,845 indemnity · 10 years
- Drought $63,713 indemnity · 5 years
- ARPI/SCO/STAX/MP Crops Only $31,852 indemnity · 3 years
- Cold Wet Weather $25,532 indemnity · 3 years
- Freeze $11,386 indemnity · 3 years
- Cold Winter $9,273 indemnity · 2 years
Every county-crop the agency files in Virginia → Buy the Franklin 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.