Crop-loss band · Minnesota

Corn in Minnesota

1.65Low end of the filed band
2.61Middle of the filed band
3.34High end of the filed band
2019Worst year filed (4.40)
10Years filed

Every year the Risk Management Agency has filed for Corn in Minnesota, summed across the 80 counties that insure it. The annual loss ratio — indemnity divided by premium — runs from 1.65 at the low end to 3.34 at the high end, with 2.61 in the middle. The worst year filed is 2019, at 4.40.

$916,471,322Premium filed
$2,526,423,205Indemnity paid
$12,361,998,704Liability insured
124,923Policies
124,761Policies with a loss
17,056,473Quantity planted
16,423,222Quantity lost

Corn in Minnesota, year by year

Year	Premium	Indemnity	Liability	Policies	Policies with a loss	Loss ratio
2015	$12,209,044	$23,576,659	$127,384,873	2,479	2,465	1.93
2016	$18,508,351	$30,463,152	$293,958,560	3,866	3,772	1.65
2017	$31,620,976	$53,240,304	$361,397,205	5,656	5,651	1.68
2018	$59,546,969	$177,363,177	$1,134,861,171	11,915	11,913	2.98
2019	$111,735,885	$491,432,285	$1,533,742,159	23,240	23,207	4.40
2020	$26,439,792	$88,349,771	$254,523,882	4,010	4,003	3.34
2021	$94,016,146	$250,296,460	$901,024,147	11,117	11,111	2.66
2022	$64,673,162	$168,856,774	$590,967,550	6,964	6,964	2.61
2023	$282,606,604	$662,042,099	$4,143,356,327	29,985	29,984	2.34
2024	$215,114,394	$580,802,524	$3,020,782,831	25,691	25,691	2.70

Every county-crop the agency files in Minnesota → 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.