Crop-loss band · Maryland
Soybeans in Maryland
- 1.08Low end of the filed band
- 1.90Middle of the filed band
- 2.30High end of the filed band
- 2019Worst year filed (2.33)
- 10Years filed
Every year the Risk Management Agency has filed for Soybeans in Maryland, summed across the 16 counties that insure it. The annual loss ratio — indemnity divided by premium — runs from 1.08 at the low end to 2.30 at the high end, with 1.90 in the middle. The worst year filed is 2019, at 2.33.
- $27,420,144Premium filed
- $54,828,540Indemnity paid
- $246,698,408Liability insured
- 7,841Policies
- 7,834Policies with a loss
- 689,471Quantity planted
- 621,902Quantity lost
Soybeans in Maryland, year by year
| Year | Premium | Indemnity | Liability | Policies | Policies with a loss | Loss ratio |
|---|---|---|---|---|---|---|
| 2015 | $2,178,983 | $4,298,564 | $15,579,402 | 831 | 828 | 1.97 |
| 2016 | $1,835,201 | $3,345,026 | $12,959,597 | 689 | 687 | 1.82 |
| 2017 | $1,033,136 | $1,112,338 | $8,710,053 | 390 | 390 | 1.08 |
| 2018 | $3,199,037 | $6,417,966 | $29,484,397 | 1,051 | 1,051 | 2.01 |
| 2019 | $2,702,502 | $6,297,793 | $25,498,563 | 1,058 | 1,056 | 2.33 |
| 2020 | $1,197,518 | $2,520,365 | $10,281,791 | 474 | 474 | 2.10 |
| 2021 | $1,229,528 | $1,840,944 | $10,947,577 | 356 | 356 | 1.50 |
| 2022 | $4,200,501 | $7,964,274 | $38,735,223 | 810 | 810 | 1.90 |
| 2023 | $3,367,592 | $6,164,587 | $29,659,940 | 660 | 660 | 1.83 |
| 2024 | $6,476,145 | $14,866,683 | $64,841,866 | 1,522 | 1,522 | 2.30 |
Every county-crop the agency files in Maryland → 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.