Crop-loss band · Michigan
Wheat in Michigan
- 1.31Low end of the filed band
- 2.59Middle of the filed band
- 3.56High end of the filed band
- 2015Worst year filed (4.04)
- 10Years filed
Every year the Risk Management Agency has filed for Wheat in Michigan, summed across the 30 counties that insure it. The annual loss ratio — indemnity divided by premium — runs from 1.31 at the low end to 3.56 at the high end, with 2.59 in the middle. The worst year filed is 2015, at 4.04.
- $27,881,584Premium filed
- $72,190,870Indemnity paid
- $228,437,288Liability insured
- 10,330Policies
- 10,321Policies with a loss
- 718,811Quantity planted
- 719,557Quantity lost
Wheat in Michigan, year by year
| Year | Premium | Indemnity | Liability | Policies | Policies with a loss | Loss ratio |
|---|---|---|---|---|---|---|
| 2015 | $2,122,683 | $8,570,209 | $25,751,721 | 1,267 | 1,267 | 4.04 |
| 2016 | $1,035,864 | $1,943,584 | $8,652,124 | 514 | 513 | 1.88 |
| 2017 | $1,157,400 | $4,125,849 | $12,474,805 | 811 | 811 | 3.56 |
| 2018 | $979,046 | $2,472,794 | $9,035,406 | 467 | 465 | 2.53 |
| 2019 | $5,407,078 | $16,911,405 | $46,965,761 | 1,893 | 1,891 | 3.13 |
| 2020 | $2,436,079 | $6,164,580 | $21,852,997 | 1,260 | 1,258 | 2.53 |
| 2021 | $1,488,514 | $4,133,066 | $13,475,184 | 515 | 513 | 2.78 |
| 2022 | $3,100,853 | $10,514,518 | $28,607,455 | 1,233 | 1,233 | 3.39 |
| 2023 | $6,974,232 | $9,132,100 | $38,532,278 | 1,280 | 1,280 | 1.31 |
| 2024 | $3,179,837 | $8,222,765 | $23,089,557 | 1,090 | 1,090 | 2.59 |
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.