Crop-loss band · Virginia
Richmond County, Virginia — crop-loss band
- 0.72Low end of the filed band
- 1.31Middle of the filed band
- 2.18High end of the filed band
- 2023Worst year filed (2.77)
- 10Years filed
Every year the Risk Management Agency has filed for Richmond 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 0.72 at the low end to 2.18 at the high end, with 1.31 in the middle. The worst year filed is 2023, at 2.77. 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 | $26,135 | $35,965 | $208,053 | 24 | 24 | 1.38 |
| 2016 | $519,347 | $535,336 | $2,575,770 | 78 | 78 | 1.03 |
| 2017 | $201,443 | $213,203 | $1,381,535 | 27 | 27 | 1.06 |
| 2018 | $101,943 | $192,456 | $894,416 | 38 | 38 | 1.89 |
| 2019 | $83,997 | $80,424 | $750,610 | 41 | 41 | 0.96 |
| 2020 | $166,702 | $217,989 | $1,139,898 | 26 | 26 | 1.31 |
| 2021 | $29,826 | $21,372 | $270,204 | 15 | 15 | 0.72 |
| 2022 | $48,503 | $105,869 | $439,949 | 11 | 11 | 2.18 |
| 2023 | $70,420 | $195,163 | $618,705 | 24 | 24 | 2.77 |
| 2024 | $699,894 | $1,387,142 | $4,793,518 | 155 | 155 | 1.98 |
Commodities insured in Richmond County
2 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 8 years filed
- 0.13Low end of the filed band
- 1.03Middle of the filed band
- 3.02High end of the filed band
- 2018Worst year filed (3.02)
- 8Years filed
- $1,570,105Premium filed
- $2,260,285Indemnity paid
- $9,764,140Liability insured
- 20,578Quantity planted
- 20,395Quantity lost
- 251Policies
- 251Policies with a loss
- 1.44Loss ratio, whole span
Causes that carried the indemnity in Richmond County
- Drought $1,292,935 indemnity · 5 years
- Heat $454,073 indemnity · 6 years
- XX $285,364 indemnity · 2 years
- Decline in Price $99,785 indemnity · 4 years
- Excess Moisture/Precipitation/Rain $69,338 indemnity · 5 years
- Wind/Excess Wind $28,574 indemnity · 1 years
Soybeans 10 years filed
- 0.73Low end of the filed band
- 1.14Middle of the filed band
- 3.46High end of the filed band
- 2023Worst year filed (3.57)
- 10Years filed
- $378,105Premium filed
- $724,634Indemnity paid
- $3,308,518Liability insured
- 9,892Quantity planted
- 9,284Quantity lost
- 188Policies
- 188Policies with a loss
- 1.92Loss ratio, whole span
Causes that carried the indemnity in Richmond County
- Drought $433,652 indemnity · 8 years
- Excess Moisture/Precipitation/Rain $155,129 indemnity · 7 years
- Decline in Price $63,997 indemnity · 6 years
- Heat $35,328 indemnity · 4 years
- Wildlife $14,612 indemnity · 6 years
- ARPI/SCO/ECO/STAX/MP/HIP-WI/PACE Crops Only $12,580 indemnity · 1 years
Every county-crop the agency files in Virginia → Buy the Richmond 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.