Crop-loss band · Iowa
Soybeans in Iowa
- 1.16Low end of the filed band
- 2.19Middle of the filed band
- 2.74High end of the filed band
- 2019Worst year filed (2.75)
- 10Years filed
Every year the Risk Management Agency has filed for Soybeans in Iowa, summed across the 99 counties that insure it. The annual loss ratio — indemnity divided by premium — runs from 1.16 at the low end to 2.74 at the high end, with 2.19 in the middle. The worst year filed is 2019, at 2.75.
- $466,279,827Premium filed
- $1,004,119,037Indemnity paid
- $7,048,817,548Liability insured
- 127,182Policies
- 127,030Policies with a loss
- 12,848,882Quantity planted
- 12,248,480Quantity lost
Soybeans in Iowa, year by year
| Year | Premium | Indemnity | Liability | Policies | Policies with a loss | Loss ratio |
|---|---|---|---|---|---|---|
| 2015 | $19,069,566 | $52,154,723 | $235,807,265 | 7,810 | 7,799 | 2.74 |
| 2016 | $6,429,788 | $12,097,080 | $101,409,932 | 3,275 | 3,258 | 1.88 |
| 2017 | $28,328,054 | $50,808,222 | $383,345,911 | 9,269 | 9,245 | 1.79 |
| 2018 | $66,471,290 | $156,295,260 | $1,085,808,992 | 22,651 | 22,636 | 2.35 |
| 2019 | $26,879,603 | $73,809,705 | $427,734,916 | 12,123 | 12,087 | 2.75 |
| 2020 | $31,257,853 | $81,042,775 | $514,339,377 | 11,027 | 11,001 | 2.59 |
| 2021 | $25,235,134 | $29,301,895 | $331,148,339 | 5,520 | 5,504 | 1.16 |
| 2022 | $64,181,927 | $109,141,436 | $808,578,913 | 10,574 | 10,573 | 1.70 |
| 2023 | $96,232,318 | $210,499,715 | $1,593,550,515 | 21,192 | 21,186 | 2.19 |
| 2024 | $102,194,295 | $228,968,226 | $1,567,093,390 | 23,741 | 23,741 | 2.24 |
Every county-crop the agency files in Iowa → 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.