Crop-loss band · Minnesota
Wheat in Minnesota
- 2.15Low end of the filed band
- 2.74Middle of the filed band
- 3.24High end of the filed band
- 2024Worst year filed (4.32)
- 10Years filed
Every year the Risk Management Agency has filed for Wheat in Minnesota, summed across the 19 counties that insure it. The annual loss ratio — indemnity divided by premium — runs from 2.15 at the low end to 3.24 at the high end, with 2.74 in the middle. The worst year filed is 2024, at 4.32.
- $77,879,795Premium filed
- $234,586,814Indemnity paid
- $609,134,640Liability insured
- 11,420Policies
- 11,414Policies with a loss
- 2,135,461Quantity planted
- 2,099,522Quantity lost
Wheat in Minnesota, year by year
| Year | Premium | Indemnity | Liability | Policies | Policies with a loss | Loss ratio |
|---|---|---|---|---|---|---|
| 2015 | $2,380,762 | $7,192,021 | $18,508,113 | 495 | 495 | 3.02 |
| 2016 | $3,939,939 | $9,604,048 | $27,410,175 | 672 | 672 | 2.44 |
| 2017 | $701,391 | $1,927,288 | $6,110,759 | 193 | 193 | 2.75 |
| 2018 | $2,502,525 | $6,084,915 | $22,993,958 | 612 | 611 | 2.43 |
| 2019 | $12,385,512 | $38,725,645 | $111,232,596 | 2,201 | 2,198 | 3.13 |
| 2020 | $11,639,012 | $30,165,209 | $82,513,509 | 1,486 | 1,486 | 2.59 |
| 2021 | $14,318,200 | $46,373,213 | $123,131,218 | 1,419 | 1,417 | 3.24 |
| 2022 | $12,494,787 | $34,178,390 | $62,360,701 | 1,379 | 1,379 | 2.74 |
| 2023 | $7,058,071 | $15,154,303 | $53,800,186 | 771 | 771 | 2.15 |
| 2024 | $10,459,597 | $45,181,782 | $101,073,427 | 2,192 | 2,192 | 4.32 |
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.