Crop-loss band · Alabama
Soybeans in Alabama
- 1.71Low end of the filed band
- 2.20Middle of the filed band
- 3.29High end of the filed band
- 2020Worst year filed (3.38)
- 10Years filed
Every year the Risk Management Agency has filed for Soybeans in Alabama, summed across the 23 counties that insure it. The annual loss ratio — indemnity divided by premium — runs from 1.71 at the low end to 3.29 at the high end, with 2.20 in the middle. The worst year filed is 2020, at 3.38.
- $27,846,070Premium filed
- $74,296,880Indemnity paid
- $215,251,610Liability insured
- 5,771Policies
- 5,746Policies with a loss
- 669,215Quantity planted
- 671,955Quantity lost
Soybeans in Alabama, year by year
| Year | Premium | Indemnity | Liability | Policies | Policies with a loss | Loss ratio |
|---|---|---|---|---|---|---|
| 2015 | $1,780,387 | $3,044,288 | $10,061,333 | 426 | 421 | 1.71 |
| 2016 | $3,636,845 | $7,254,536 | $24,301,605 | 801 | 789 | 1.99 |
| 2017 | $1,412,230 | $2,545,668 | $7,441,156 | 367 | 364 | 1.80 |
| 2018 | $1,584,837 | $3,487,654 | $12,294,315 | 486 | 484 | 2.20 |
| 2019 | $2,452,709 | $6,525,297 | $19,786,322 | 762 | 759 | 2.66 |
| 2020 | $923,119 | $3,121,300 | $7,585,539 | 333 | 333 | 3.38 |
| 2021 | $971,440 | $2,128,097 | $6,236,007 | 235 | 235 | 2.19 |
| 2022 | $3,246,046 | $7,697,208 | $26,841,871 | 468 | 468 | 2.37 |
| 2023 | $2,039,488 | $6,258,879 | $15,022,732 | 332 | 332 | 3.07 |
| 2024 | $9,798,970 | $32,233,953 | $85,680,730 | 1,561 | 1,561 | 3.29 |
Every county-crop the agency files in Alabama → Buy one county-crop’s 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, summed to the commodity and state. The loss ratio is the agency’s own published column, re-derived at this grain.