Crop-loss band · Minnesota

Dry Beans in Minnesota

1.92Low end of the filed band
2.72Middle of the filed band
3.45High end of the filed band
2016Worst year filed (3.76)
10Years filed

Every year the Risk Management Agency has filed for Dry Beans in Minnesota, summed across the 21 counties that insure it. The annual loss ratio — indemnity divided by premium — runs from 1.92 at the low end to 3.45 at the high end, with 2.72 in the middle. The worst year filed is 2016, at 3.76.

$33,164,581Premium filed
$93,717,863Indemnity paid
$223,733,513Liability insured
2,698Policies
2,694Policies with a loss
400,456Quantity planted
399,539Quantity lost

Dry Beans in Minnesota, year by year

Year	Premium	Indemnity	Liability	Policies	Policies with a loss	Loss ratio
2015	$1,649,654	$4,074,659	$10,729,165	143	143	2.47
2016	$1,780,521	$6,695,730	$12,160,098	240	237	3.76
2017	$1,462,577	$3,978,169	$10,127,670	171	171	2.72
2018	$1,529,627	$4,485,663	$10,357,531	160	160	2.93
2019	$2,757,242	$9,502,914	$16,838,208	329	328	3.45
2020	$5,141,253	$13,562,647	$29,403,137	332	332	2.64
2021	$5,663,038	$16,533,204	$34,601,070	380	380	2.92
2022	$2,501,428	$4,791,144	$15,750,925	187	187	1.92
2023	$1,519,929	$3,493,777	$11,389,403	135	135	2.30
2024	$9,159,312	$26,599,956	$72,376,306	621	621	2.90

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.