Crop-loss band · New Mexico
Cotton in New Mexico
- 2.18Low end of the filed band
- 2.39Middle of the filed band
- 2.52High end of the filed band
- 2016Worst year filed (2.88)
- 10Years filed
Every year the Risk Management Agency has filed for Cotton in New Mexico, summed across the 6 counties that insure it. The annual loss ratio — indemnity divided by premium — runs from 2.18 at the low end to 2.52 at the high end, with 2.39 in the middle. The worst year filed is 2016, at 2.88.
- $39,825,293Premium filed
- $93,080,288Indemnity paid
- $121,553,882Liability insured
- 1,672Policies
- 1,671Policies with a loss
- 269,681Quantity planted
- 344,531Quantity lost
Cotton in New Mexico, year by year
| Year | Premium | Indemnity | Liability | Policies | Policies with a loss | Loss ratio |
|---|---|---|---|---|---|---|
| 2015 | $832,011 | $2,015,440 | $2,865,781 | 65 | 65 | 2.42 |
| 2016 | $1,162,944 | $3,348,773 | $5,191,400 | 78 | 78 | 2.88 |
| 2017 | $3,458,170 | $7,975,739 | $11,762,956 | 177 | 177 | 2.31 |
| 2018 | $2,752,578 | $6,665,799 | $9,996,442 | 119 | 119 | 2.42 |
| 2019 | $3,684,918 | $9,285,553 | $14,609,472 | 210 | 209 | 2.52 |
| 2020 | $3,012,051 | $6,926,266 | $8,937,895 | 150 | 150 | 2.30 |
| 2021 | $3,215,117 | $7,819,140 | $9,225,021 | 142 | 142 | 2.43 |
| 2022 | $9,468,694 | $21,150,791 | $25,054,950 | 273 | 273 | 2.23 |
| 2023 | $5,919,781 | $14,130,909 | $16,641,964 | 219 | 219 | 2.39 |
| 2024 | $6,319,029 | $13,761,878 | $17,268,001 | 239 | 239 | 2.18 |
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.