Crop-loss band · Kentucky
Soybeans in Kentucky
- 1.02Low end of the filed band
- 1.66Middle of the filed band
- 2.24High end of the filed band
- 2019Worst year filed (2.63)
- 10Years filed
Every year the Risk Management Agency has filed for Soybeans in Kentucky, summed across the 67 counties that insure it. The annual loss ratio — indemnity divided by premium — runs from 1.02 at the low end to 2.24 at the high end, with 1.66 in the middle. The worst year filed is 2019, at 2.63.
- $151,296,281Premium filed
- $286,678,552Indemnity paid
- $1,671,992,558Liability insured
- 26,620Policies
- 26,540Policies with a loss
- 3,875,769Quantity planted
- 3,048,759Quantity lost
Soybeans in Kentucky, year by year
| Year | Premium | Indemnity | Liability | Policies | Policies with a loss | Loss ratio |
|---|---|---|---|---|---|---|
| 2015 | $9,870,072 | $22,100,349 | $91,970,539 | 2,116 | 2,099 | 2.24 |
| 2016 | $6,202,184 | $8,978,579 | $67,642,882 | 1,603 | 1,559 | 1.45 |
| 2017 | $11,188,780 | $11,405,857 | $113,753,169 | 2,121 | 2,117 | 1.02 |
| 2018 | $13,055,156 | $26,706,317 | $147,147,102 | 2,849 | 2,847 | 2.05 |
| 2019 | $15,563,352 | $40,887,450 | $166,166,928 | 3,757 | 3,748 | 2.63 |
| 2020 | $6,557,255 | $10,907,448 | $75,193,942 | 1,534 | 1,533 | 1.66 |
| 2021 | $11,931,123 | $13,572,643 | $128,809,334 | 1,815 | 1,812 | 1.14 |
| 2022 | $20,539,837 | $34,606,879 | $214,242,952 | 2,351 | 2,351 | 1.68 |
| 2023 | $14,115,320 | $22,845,897 | $176,347,224 | 2,158 | 2,158 | 1.62 |
| 2024 | $42,273,203 | $94,667,133 | $490,718,488 | 6,316 | 6,316 | 2.24 |
Every county-crop the agency files in Kentucky → 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.