Crop-loss band · Minnesota
Potatoes in Minnesota
- 1.17Low end of the filed band
- 2.40Middle of the filed band
- 3.26High end of the filed band
- 2020Worst year filed (3.29)
- 10Years filed
Every year the Risk Management Agency has filed for Potatoes in Minnesota, summed across the 6 counties that insure it. The annual loss ratio — indemnity divided by premium — runs from 1.17 at the low end to 3.26 at the high end, with 2.40 in the middle. The worst year filed is 2020, at 3.29.
- $6,143,979Premium filed
- $16,258,442Indemnity paid
- $28,299,024Liability insured
- 255Policies
- 255Policies with a loss
- 15,704Quantity planted
- 15,704Quantity lost
Potatoes in Minnesota, year by year
| Year | Premium | Indemnity | Liability | Policies | Policies with a loss | Loss ratio |
|---|---|---|---|---|---|---|
| 2015 | $209,475 | $501,751 | $732,628 | 15 | 15 | 2.40 |
| 2016 | $364,447 | $1,004,659 | $1,509,271 | 46 | 46 | 2.76 |
| 2017 | $225,826 | $331,600 | $1,054,815 | 10 | 10 | 1.47 |
| 2018 | $357,621 | $792,441 | $2,032,362 | 29 | 29 | 2.22 |
| 2019 | $585,578 | $1,593,778 | $3,016,829 | 50 | 50 | 2.72 |
| 2020 | $303,739 | $998,462 | $1,966,633 | 23 | 23 | 3.29 |
| 2021 | $262,774 | $306,679 | $1,220,334 | 15 | 15 | 1.17 |
| 2022 | $1,383,905 | $4,009,176 | $5,380,013 | 19 | 19 | 2.90 |
| 2023 | $1,002,452 | $3,269,944 | $4,255,467 | 10 | 10 | 3.26 |
| 2024 | $1,448,162 | $3,449,952 | $7,130,672 | 38 | 38 | 2.38 |
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.