Crop-loss band · Michigan
Sugar Beets in Michigan
- 2.82Low end of the filed band
- 4.45Middle of the filed band
- 6.49High end of the filed band
- 2023Worst year filed (7.46)
- 10Years filed
Every year the Risk Management Agency has filed for Sugar Beets in Michigan, summed across the 6 counties that insure it. The annual loss ratio — indemnity divided by premium — runs from 2.82 at the low end to 6.49 at the high end, with 4.45 in the middle. The worst year filed is 2023, at 7.46.
- $6,076,292Premium filed
- $28,891,587Indemnity paid
- $173,374,079Liability insured
- 1,588Policies
- 1,587Policies with a loss
- 151,895Quantity planted
- 134,649Quantity lost
Sugar Beets in Michigan, year by year
| Year | Premium | Indemnity | Liability | Policies | Policies with a loss | Loss ratio |
|---|---|---|---|---|---|---|
| 2015 | $104,293 | $394,782 | $2,558,549 | 45 | 45 | 3.79 |
| 2016 | $235,312 | $898,427 | $6,908,047 | 95 | 95 | 3.82 |
| 2017 | $408,665 | $2,113,961 | $12,521,309 | 181 | 181 | 5.17 |
| 2018 | $827,138 | $4,119,307 | $20,114,653 | 142 | 141 | 4.98 |
| 2019 | $421,259 | $1,874,479 | $7,997,245 | 130 | 130 | 4.45 |
| 2020 | $1,145,666 | $4,802,040 | $32,331,550 | 301 | 301 | 4.19 |
| 2021 | $1,057,610 | $2,984,978 | $31,376,551 | 238 | 238 | 2.82 |
| 2022 | $430,977 | $1,937,150 | $13,211,491 | 130 | 130 | 4.49 |
| 2023 | $392,218 | $2,927,057 | $11,240,946 | 124 | 124 | 7.46 |
| 2024 | $1,053,154 | $6,839,406 | $35,113,738 | 202 | 202 | 6.49 |
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.