Crop-loss band · Michigan
Cherries in Michigan
- 2.33Low end of the filed band
- 3.09Middle of the filed band
- 3.47High end of the filed band
- 2019Worst year filed (3.71)
- 10Years filed
Every year the Risk Management Agency has filed for Cherries in Michigan, summed across the 7 counties that insure it. The annual loss ratio — indemnity divided by premium — runs from 2.33 at the low end to 3.47 at the high end, with 3.09 in the middle. The worst year filed is 2019, at 3.71.
- $14,946,584Premium filed
- $45,202,928Indemnity paid
- $103,592,007Liability insured
- 1,601Policies
- 1,599Policies with a loss
- 64,743Quantity planted
- 65,032Quantity lost
Cherries in Michigan, year by year
| Year | Premium | Indemnity | Liability | Policies | Policies with a loss | Loss ratio |
|---|---|---|---|---|---|---|
| 2015 | $754,849 | $2,621,087 | $6,510,338 | 102 | 102 | 3.47 |
| 2016 | $452,386 | $1,472,403 | $3,522,014 | 71 | 71 | 3.25 |
| 2017 | $816,006 | $2,521,704 | $6,887,532 | 121 | 120 | 3.09 |
| 2018 | $1,319,427 | $4,230,602 | $11,619,587 | 172 | 172 | 3.21 |
| 2019 | $2,332,479 | $8,660,151 | $17,834,695 | 303 | 303 | 3.71 |
| 2020 | $1,754,324 | $5,358,899 | $12,223,883 | 148 | 147 | 3.05 |
| 2021 | $973,335 | $3,095,832 | $6,477,980 | 139 | 139 | 3.18 |
| 2022 | $1,405,135 | $3,276,960 | $8,311,616 | 124 | 124 | 2.33 |
| 2023 | $3,016,879 | $7,902,515 | $18,224,315 | 169 | 169 | 2.62 |
| 2024 | $2,121,765 | $6,062,775 | $11,980,047 | 252 | 252 | 2.86 |
Every county-crop the agency files in Michigan → 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.