Crop-loss band · North Dakota

Soybeans in North Dakota

1.69Low end of the filed band
2.23Middle of the filed band
3.06High end of the filed band
2020Worst year filed (3.75)
10Years filed

Every year the Risk Management Agency has filed for Soybeans in North Dakota, summed across the 49 counties that insure it. The annual loss ratio — indemnity divided by premium — runs from 1.69 at the low end to 3.06 at the high end, with 2.23 in the middle. The worst year filed is 2020, at 3.75.

$690,312,986Premium filed
$1,751,307,805Indemnity paid
$4,755,376,777Liability insured
86,104Policies
86,055Policies with a loss
16,611,305Quantity planted
16,478,241Quantity lost

Soybeans in North Dakota, year by year

Year	Premium	Indemnity	Liability	Policies	Policies with a loss	Loss ratio
2015	$48,411,529	$81,776,155	$289,613,891	6,268	6,253	1.69
2016	$16,135,263	$33,989,465	$88,635,042	2,119	2,113	2.11
2017	$51,428,546	$100,751,552	$283,915,537	6,365	6,364	1.96
2018	$65,984,985	$147,416,661	$482,562,887	7,662	7,661	2.23
2019	$53,490,297	$163,422,435	$394,424,639	9,752	9,744	3.06
2020	$62,137,409	$232,872,107	$420,667,339	11,406	11,403	3.75
2021	$183,757,192	$468,659,441	$1,397,291,460	14,079	14,064	2.55
2022	$75,943,494	$219,862,929	$456,262,877	11,054	11,054	2.90
2023	$65,043,774	$162,747,446	$441,391,661	8,585	8,585	2.50
2024	$67,980,498	$139,809,614	$500,611,446	8,814	8,814	2.06

Every county-crop the agency files in North Dakota →

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 Soybeans in North Dakota, summed across the 49 counties that insure it. The loss ratio runs from 1.69 at the low end to 3.06 at the high end, with 2.23 in the middle and 3.75 in 2020, the worst year filed. The page lists $ 690,312,986 premium filed, $ 1,751,307,805 indemnity paid, $ 4,755,376,777 liability insured, 86,104 policies, 86,055 policies with a loss, 16,611,305 quantity planted and 16,478,241 quantity lost.