Crop-loss band · New Mexico
Annual Forage in New Mexico
- 1.20Low end of the filed band
- 1.83Middle of the filed band
- 2.56High end of the filed band
- 2021Worst year filed (2.56)
- 8Years filed
Every year the Risk Management Agency has filed for Annual Forage in New Mexico, summed across the 6 counties that insure it. The annual loss ratio — indemnity divided by premium — runs from 1.20 at the low end to 2.56 at the high end, with 1.83 in the middle. The worst year filed is 2021, at 2.56.
- $75,254,177Premium filed
- $147,147,109Indemnity paid
- $287,600,164Liability insured
- 6,827Policies
- 6,827Policies with a loss
- 1,551,477Quantity planted
- 0Quantity lost
Annual Forage in New Mexico, year by year
| Year | Premium | Indemnity | Liability | Policies | Policies with a loss | Loss ratio |
|---|---|---|---|---|---|---|
| 2017 | $1,851,237 | $3,066,531 | $7,182,018 | 43 | 43 | 1.66 |
| 2018 | $1,030,723 | $2,360,496 | $3,472,727 | 94 | 94 | 2.29 |
| 2019 | $2,215,377 | $4,048,551 | $8,604,675 | 151 | 151 | 1.83 |
| 2020 | $2,117,314 | $5,185,728 | $10,169,781 | 333 | 333 | 2.45 |
| 2021 | $9,962,247 | $25,458,001 | $35,677,794 | 800 | 800 | 2.56 |
| 2022 | $21,461,295 | $54,647,449 | $84,545,044 | 1,986 | 1,986 | 2.55 |
| 2023 | $22,838,316 | $35,825,780 | $85,547,375 | 1,953 | 1,953 | 1.57 |
| 2024 | $13,777,668 | $16,554,573 | $52,400,750 | 1,467 | 1,467 | 1.20 |
Every county-crop the agency files in New Mexico → 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.