Crop-loss band · Georgia

Soybeans in Georgia

2.00Low end of the filed band
2.50Middle of the filed band
3.42High end of the filed band
2020Worst year filed (3.84)
10Years filed

Every year the Risk Management Agency has filed for Soybeans in Georgia, summed across the 25 counties that insure it. The annual loss ratio — indemnity divided by premium — runs from 2.00 at the low end to 3.42 at the high end, with 2.50 in the middle. The worst year filed is 2020, at 3.84.

$11,111,128Premium filed
$31,755,465Indemnity paid
$58,835,795Liability insured
2,936Policies
2,928Policies with a loss
224,306Quantity planted
226,051Quantity lost

Soybeans in Georgia, year by year

Year	Premium	Indemnity	Liability	Policies	Policies with a loss	Loss ratio
2015	$1,315,674	$3,201,781	$6,037,250	382	382	2.43
2016	$1,711,026	$4,841,301	$7,791,490	509	508	2.83
2017	$623,004	$1,252,715	$2,881,145	170	168	2.01
2018	$900,123	$3,075,381	$5,067,030	277	276	3.42
2019	$614,790	$2,104,070	$3,445,300	237	235	3.42
2020	$329,222	$1,264,689	$1,899,003	139	138	3.84
2021	$535,710	$1,071,249	$2,432,752	105	104	2.00
2022	$1,427,276	$3,545,153	$7,193,032	287	287	2.48
2023	$1,133,275	$2,831,895	$6,381,580	242	242	2.50
2024	$2,521,028	$8,567,231	$15,707,213	588	588	3.40

Every county-crop the agency files in Georgia → 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.