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 →

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.

What this page shows

This page of the Velarion Records public-records register covers crop-loss band figures for Michigan Wheat in Michigan, summed across the 30 counties that insure it. The loss ratio runs from 1.31 at the low end to 3.56 at the high end, with 2.59 in the middle, and the worst year filed is 2015 at 4.04. The figures listed include $27,881,584 premium filed, $72,190,870 indemnity paid, $228,437,288 liability insured, 10,330 policies, 10,321 policies with a loss, 718,811 quantity planted and 719,557 quantity lost.