Crop-loss band · South Carolina
Soybeans in South Carolina
- 1.44Low end of the filed band
- 2.14Middle of the filed band
- 3.17High end of the filed band
- 2022Worst year filed (3.19)
- 10Years filed
Every year the Risk Management Agency has filed for Soybeans in South Carolina, summed across the 23 counties that insure it. The annual loss ratio — indemnity divided by premium — runs from 1.44 at the low end to 3.17 at the high end, with 2.14 in the middle. The worst year filed is 2022, at 3.19.
- $80,150,805Premium filed
- $197,390,904Indemnity paid
- $358,842,786Liability insured
- 19,483Policies
- 19,434Policies with a loss
- 1,283,552Quantity planted
- 1,372,186Quantity lost
Soybeans in South Carolina, year by year
| Year | Premium | Indemnity | Liability | Policies | Policies with a loss | Loss ratio |
|---|---|---|---|---|---|---|
| 2015 | $8,910,449 | $27,260,802 | $44,300,373 | 2,366 | 2,361 | 3.06 |
| 2016 | $3,498,046 | $7,494,401 | $14,571,904 | 1,240 | 1,240 | 2.14 |
| 2017 | $2,833,628 | $5,145,472 | $11,834,435 | 657 | 655 | 1.82 |
| 2018 | $8,590,405 | $27,263,624 | $45,819,486 | 2,350 | 2,339 | 3.17 |
| 2019 | $6,298,214 | $14,563,804 | $29,594,162 | 2,175 | 2,156 | 2.31 |
| 2020 | $7,085,060 | $19,775,020 | $26,790,268 | 2,313 | 2,307 | 2.79 |
| 2021 | $4,013,487 | $5,784,970 | $14,286,318 | 815 | 809 | 1.44 |
| 2022 | $11,170,344 | $35,635,144 | $49,751,293 | 2,244 | 2,244 | 3.19 |
| 2023 | $9,685,266 | $16,121,709 | $37,631,612 | 1,651 | 1,651 | 1.66 |
| 2024 | $18,065,905 | $38,345,958 | $84,262,935 | 3,672 | 3,672 | 2.12 |
Every county-crop the agency files in South Carolina → 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.