Crop-loss band · Minnesota
Sugar Beets in Minnesota
- 1.60Low end of the filed band
- 3.33Middle of the filed band
- 5.09High end of the filed band
- 2019Worst year filed (9.14)
- 10Years filed
Every year the Risk Management Agency has filed for Sugar Beets in Minnesota, summed across the 22 counties that insure it. The annual loss ratio — indemnity divided by premium — runs from 1.60 at the low end to 5.09 at the high end, with 3.33 in the middle. The worst year filed is 2019, at 9.14.
- $46,877,324Premium filed
- $227,688,916Indemnity paid
- $649,241,151Liability insured
- 9,464Policies
- 9,452Policies with a loss
- 606,041Quantity planted
- 569,442Quantity lost
Sugar Beets in Minnesota, year by year
| Year | Premium | Indemnity | Liability | Policies | Policies with a loss | Loss ratio |
|---|---|---|---|---|---|---|
| 2015 | $1,847,681 | $4,978,343 | $28,425,807 | 368 | 366 | 2.69 |
| 2016 | $5,155,126 | $26,253,444 | $78,287,780 | 1,045 | 1,045 | 5.09 |
| 2017 | $944,985 | $3,218,783 | $12,404,667 | 179 | 179 | 3.41 |
| 2018 | $7,949,834 | $34,454,575 | $104,311,057 | 814 | 805 | 4.33 |
| 2019 | $11,157,348 | $102,030,102 | $170,202,186 | 4,235 | 4,234 | 9.14 |
| 2020 | $3,531,081 | $12,867,190 | $45,033,681 | 695 | 695 | 3.64 |
| 2021 | $2,897,358 | $7,072,255 | $40,708,071 | 521 | 521 | 2.44 |
| 2022 | $5,193,863 | $13,105,378 | $70,125,138 | 787 | 787 | 2.52 |
| 2023 | $2,093,805 | $3,355,095 | $21,202,129 | 210 | 210 | 1.60 |
| 2024 | $6,106,243 | $20,353,751 | $78,540,635 | 610 | 610 | 3.33 |
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.