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 →
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 the Crop-loss band for Corn in Minnesota. It lists 1.65 at the low end, 2.61 in the middle and 3.34 at the high end of the filed band, and 2019 as the worst year filed at 4.40 across 10 years filed. The figures include $ 916,471,322 premium filed, $ 2,526,423,205 indemnity paid, $ 12,361,998,704 liability insured, 124,923 policies, 124,761 policies with a loss, 17,056,473 quantity planted and 16,423,222 quantity lost.