Crop-loss band · Virginia
Isle of Wight County, Virginia — crop-loss band
- 1.45Low end of the filed band
- 2.17Middle of the filed band
- 3.13High end of the filed band
- 2016Worst year filed (3.63)
- 10Years filed
Every year the Risk Management Agency has filed for Isle of Wight 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 1.45 at the low end to 3.13 at the high end, with 2.17 in the middle. The worst year filed is 2016, at 3.63. 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 | $507,370 | $1,102,038 | $5,044,823 | 168 | 168 | 2.17 |
| 2016 | $542,229 | $1,970,916 | $6,090,240 | 143 | 143 | 3.63 |
| 2017 | $71,963 | $151,456 | $738,863 | 35 | 35 | 2.10 |
| 2018 | $109,968 | $235,429 | $1,270,240 | 38 | 38 | 2.14 |
| 2019 | $175,846 | $418,237 | $2,032,008 | 60 | 60 | 2.38 |
| 2020 | $675,949 | $2,031,771 | $8,872,309 | 180 | 180 | 3.01 |
| 2021 | $90,908 | $284,878 | $1,115,537 | 28 | 28 | 3.13 |
| 2022 | $1,537,922 | $2,228,068 | $9,257,022 | 145 | 145 | 1.45 |
| 2023 | $122,341 | $188,410 | $1,260,243 | 27 | 27 | 1.54 |
| 2024 | $515,589 | $1,403,362 | $4,735,535 | 147 | 147 | 2.72 |
Commodities insured in Isle of Wight 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.
Cotton 10 years filed
- 1.26Low end of the filed band
- 2.11Middle of the filed band
- 3.83High end of the filed band
- 2016Worst year filed (4.05)
- 10Years filed
- $2,474,052Premium filed
- $5,431,006Indemnity paid
- $21,887,582Liability insured
- 31,028Quantity planted
- 52,436Quantity lost
- 425Policies
- 425Policies with a loss
- 2.20Loss ratio, whole span
Causes that carried the indemnity in Isle of Wight County
- Excess Moisture/Precipitation/Rain $1,703,829 indemnity · 7 years
- ARPI/SCO/STAX Crops Only $1,587,139 indemnity · 4 years
- Drought $1,547,223 indemnity · 9 years
- Cold Wet Weather $233,990 indemnity · 2 years
- Decline in Price $233,084 indemnity · 7 years
- Hail $60,132 indemnity · 2 years
Corn 10 years filed
- 1.10Low end of the filed band
- 1.85Middle of the filed band
- 3.07High end of the filed band
- 2021Worst year filed (4.86)
- 10Years filed
- $988,727Premium filed
- $2,515,673Indemnity paid
- $8,948,122Liability insured
- 18,612Quantity planted
- 18,409Quantity lost
- 234Policies
- 234Policies with a loss
- 2.54Loss ratio, whole span
Causes that carried the indemnity in Isle of Wight County
- Drought $1,752,731 indemnity · 6 years
- Heat $358,832 indemnity · 5 years
- Excess Moisture/Precipitation/Rain $185,206 indemnity · 8 years
- All Other Causes $135,645 indemnity · 3 years
- Other (Snow, Lightning, Etc.) $37,368 indemnity · 3 years
- Decline in Price $24,288 indemnity · 8 years
Soybeans 10 years filed
- 1.02Low end of the filed band
- 2.27Middle of the filed band
- 2.86High end of the filed band
- 2015Worst year filed (2.87)
- 10Years filed
- $887,306Premium filed
- $2,067,886Indemnity paid
- $9,581,116Liability insured
- 30,713Quantity planted
- 28,275Quantity lost
- 312Policies
- 312Policies with a loss
- 2.33Loss ratio, whole span
Causes that carried the indemnity in Isle of Wight County
- Drought $1,041,919 indemnity · 9 years
- Excess Moisture/Precipitation/Rain $747,124 indemnity · 10 years
- Wildlife $112,161 indemnity · 9 years
- Heat $101,611 indemnity · 4 years
- Decline in Price $54,200 indemnity · 5 years
- All Other Causes $8,437 indemnity · 1 years
Every county-crop the agency files in Virginia → Buy the Isle of Wight 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.