Crop-loss band · New Jersey
Soybeans in New Jersey
- 1.26Low end of the filed band
- 2.28Middle of the filed band
- 2.70High end of the filed band
- 2022Worst year filed (3.26)
- 10Years filed
Every year the Risk Management Agency has filed for Soybeans in New Jersey, summed across the 6 counties that insure it. The annual loss ratio — indemnity divided by premium — runs from 1.26 at the low end to 2.70 at the high end, with 2.28 in the middle. The worst year filed is 2022, at 3.26.
- $8,896,615Premium filed
- $22,003,551Indemnity paid
- $75,123,395Liability insured
- 1,832Policies
- 1,832Policies with a loss
- 220,560Quantity planted
- 215,940Quantity lost
Soybeans in New Jersey, year by year
| Year | Premium | Indemnity | Liability | Policies | Policies with a loss | Loss ratio |
|---|---|---|---|---|---|---|
| 2015 | $968,038 | $2,525,082 | $7,498,067 | 210 | 210 | 2.61 |
| 2016 | $613,191 | $1,535,361 | $4,793,307 | 185 | 185 | 2.50 |
| 2017 | $311,942 | $392,036 | $2,198,282 | 63 | 63 | 1.26 |
| 2018 | $947,854 | $2,156,677 | $8,469,373 | 266 | 266 | 2.28 |
| 2019 | $820,399 | $2,218,333 | $7,191,725 | 310 | 310 | 2.70 |
| 2020 | $190,965 | $463,953 | $1,752,438 | 67 | 67 | 2.43 |
| 2021 | $365,072 | $590,861 | $2,750,711 | 74 | 74 | 1.62 |
| 2022 | $2,257,416 | $7,367,772 | $20,084,119 | 304 | 304 | 3.26 |
| 2023 | $1,052,249 | $1,775,167 | $9,249,085 | 118 | 118 | 1.69 |
| 2024 | $1,369,490 | $2,978,309 | $11,136,289 | 235 | 235 | 2.17 |
Every county-crop the agency files in New Jersey → 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.