Crop-loss band · Virginia
Hanover County, Virginia — crop-loss band
- 1.31Low end of the filed band
- 1.61Middle of the filed band
- 2.43High end of the filed band
- 2020Worst year filed (2.64)
- 10Years filed
Every year the Risk Management Agency has filed for Hanover County is in the series below, from 2016 to 2024. Read across those years the county’s annual loss ratio — indemnity divided by premium — runs from 1.31 at the low end to 2.43 at the high end, with 1.61 in the middle. The worst year filed is 2020, at 2.64. 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 | $321,258 | $455,289 | $1,526,489 | 94 | 94 | 1.42 |
| 2016 | $249,711 | $377,001 | $1,487,343 | 84 | 84 | 1.51 |
| 2017 | $338,532 | $544,522 | $2,132,590 | 95 | 95 | 1.61 |
| 2018 | $195,341 | $382,215 | $1,276,697 | 95 | 95 | 1.96 |
| 2019 | $389,390 | $660,104 | $2,303,642 | 133 | 133 | 1.70 |
| 2020 | $480,049 | $1,269,459 | $3,333,840 | 107 | 107 | 2.64 |
| 2021 | $86,500 | $209,919 | $516,498 | 38 | 38 | 2.43 |
| 2022 | $175,487 | $257,029 | $1,052,874 | 34 | 34 | 1.46 |
| 2023 | $339,774 | $445,650 | $2,217,299 | 70 | 70 | 1.31 |
| 2024 | $683,530 | $1,606,391 | $4,413,420 | 150 | 150 | 2.35 |
Commodities insured in Hanover 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 9 years filed
- 0.54Low end of the filed band
- 1.93Middle of the filed band
- 5.31High end of the filed band
- 2021Worst year filed (5.31)
- 9Years filed
- $1,266,614Premium filed
- $2,874,745Indemnity paid
- $8,554,910Liability insured
- 18,984Quantity planted
- 18,965Quantity lost
- 271Policies
- 271Policies with a loss
- 2.27Loss ratio, whole span
Causes that carried the indemnity in Hanover County
- Drought $1,454,488 indemnity · 8 years
- Heat $914,949 indemnity · 5 years
- All Other Causes $178,797 indemnity · 3 years
- Decline in Price $129,774 indemnity · 6 years
- Excess Moisture/Precipitation/Rain $125,983 indemnity · 5 years
- ARPI/SCO/STAX/MP/HIP WI Crops Only $44,005 indemnity · 2 years
Soybeans 10 years filed
- 0.81Low end of the filed band
- 1.17Middle of the filed band
- 1.60High end of the filed band
- 2019Worst year filed (1.95)
- 10Years filed
- $1,586,395Premium filed
- $2,177,697Indemnity paid
- $8,847,950Liability insured
- 30,341Quantity planted
- 26,228Quantity lost
- 496Policies
- 496Policies with a loss
- 1.37Loss ratio, whole span
Causes that carried the indemnity in Hanover County
- Drought $1,354,684 indemnity · 10 years
- Excess Moisture/Precipitation/Rain $244,543 indemnity · 10 years
- Decline in Price $169,820 indemnity · 6 years
- Wildlife $134,876 indemnity · 9 years
- Heat $115,225 indemnity · 5 years
- XX $79,607 indemnity · 7 years
Wheat 10 years filed
- 0.38Low end of the filed band
- 2.73Middle of the filed band
- 3.96High end of the filed band
- 2022Worst year filed (4.89)
- 10Years filed
- $406,563Premium filed
- $1,155,137Indemnity paid
- $2,857,832Liability insured
- 12,642Quantity planted
- 12,642Quantity lost
- 133Policies
- 133Policies with a loss
- 2.84Loss ratio, whole span
Causes that carried the indemnity in Hanover County
- Excess Moisture/Precipitation/Rain $505,166 indemnity · 8 years
- Freeze $378,769 indemnity · 3 years
- Drought $92,670 indemnity · 5 years
- Frost $86,883 indemnity · 1 years
- Decline in Price $71,912 indemnity · 5 years
- XX $12,643 indemnity · 1 years
Every county-crop the agency files in Virginia → Buy the Hanover 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.