Crop-loss band · Michigan
Dry Beans in Michigan
- 1.41Low end of the filed band
- 2.16Middle of the filed band
- 3.64High end of the filed band
- 2023Worst year filed (4.02)
- 10Years filed
Every year the Risk Management Agency has filed for Dry Beans in Michigan, summed across the 11 counties that insure it. The annual loss ratio — indemnity divided by premium — runs from 1.41 at the low end to 3.64 at the high end, with 2.16 in the middle. The worst year filed is 2023, at 4.02.
- $15,007,911Premium filed
- $36,153,039Indemnity paid
- $133,012,023Liability insured
- 3,386Policies
- 3,383Policies with a loss
- 254,841Quantity planted
- 236,305Quantity lost
Dry Beans in Michigan, year by year
| Year | Premium | Indemnity | Liability | Policies | Policies with a loss | Loss ratio |
|---|---|---|---|---|---|---|
| 2015 | $3,071,015 | $4,336,153 | $19,817,125 | 606 | 606 | 1.41 |
| 2016 | $1,143,827 | $2,401,874 | $9,076,853 | 320 | 318 | 2.10 |
| 2017 | $2,178,339 | $3,587,299 | $16,836,426 | 520 | 520 | 1.65 |
| 2018 | $364,660 | $1,091,009 | $3,100,856 | 159 | 159 | 2.99 |
| 2019 | $1,520,945 | $5,324,072 | $11,406,226 | 477 | 477 | 3.50 |
| 2020 | $1,224,237 | $2,646,054 | $11,511,553 | 307 | 307 | 2.16 |
| 2021 | $1,197,361 | $4,359,305 | $10,794,116 | 225 | 224 | 3.64 |
| 2022 | $1,176,555 | $1,838,472 | $13,772,057 | 225 | 225 | 1.56 |
| 2023 | $1,079,372 | $4,334,051 | $13,150,240 | 212 | 212 | 4.02 |
| 2024 | $2,051,601 | $6,234,750 | $23,546,571 | 335 | 335 | 3.04 |
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.