Crop-loss band · Oklahoma
Soybeans in Oklahoma
- 0.89Low end of the filed band
- 1.84Middle of the filed band
- 2.58High end of the filed band
- 2022Worst year filed (3.06)
- 10Years filed
Every year the Risk Management Agency has filed for Soybeans in Oklahoma, summed across the 28 counties that insure it. The annual loss ratio — indemnity divided by premium — runs from 0.89 at the low end to 2.58 at the high end, with 1.84 in the middle. The worst year filed is 2022, at 3.06.
- $83,953,837Premium filed
- $194,424,873Indemnity paid
- $352,833,546Liability insured
- 12,382Policies
- 12,359Policies with a loss
- 1,823,441Quantity planted
- 1,819,170Quantity lost
Soybeans in Oklahoma, year by year
| Year | Premium | Indemnity | Liability | Policies | Policies with a loss | Loss ratio |
|---|---|---|---|---|---|---|
| 2015 | $2,914,854 | $3,490,277 | $10,254,155 | 683 | 676 | 1.20 |
| 2016 | $2,307,554 | $2,674,211 | $7,578,205 | 543 | 537 | 1.16 |
| 2017 | $3,649,191 | $3,238,977 | $11,387,433 | 619 | 617 | 0.89 |
| 2018 | $2,653,106 | $4,180,018 | $11,352,910 | 527 | 526 | 1.58 |
| 2019 | $5,358,696 | $12,587,817 | $20,582,014 | 1,426 | 1,424 | 2.35 |
| 2020 | $3,263,878 | $6,156,793 | $16,014,726 | 738 | 735 | 1.89 |
| 2021 | $11,156,312 | $20,544,652 | $48,087,419 | 1,496 | 1,494 | 1.84 |
| 2022 | $21,994,923 | $67,376,998 | $98,614,257 | 2,703 | 2,703 | 3.06 |
| 2023 | $14,782,148 | $33,212,309 | $57,851,359 | 1,633 | 1,633 | 2.25 |
| 2024 | $15,873,176 | $40,962,821 | $71,111,069 | 2,014 | 2,014 | 2.58 |
Every county-crop the agency files in Oklahoma → 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.