Crop-loss band · South Dakota

Soybeans in South Dakota

1.38Low end of the filed band
2.10Middle of the filed band
3.61High end of the filed band
2019Worst year filed (5.39)
10Years filed

Every year the Risk Management Agency has filed for Soybeans in South Dakota, summed across the 52 counties that insure it. The annual loss ratio — indemnity divided by premium — runs from 1.38 at the low end to 3.61 at the high end, with 2.10 in the middle. The worst year filed is 2019, at 5.39.

$617,200,515Premium filed
$1,468,828,939Indemnity paid
$5,005,021,339Liability insured
91,675Policies
91,577Policies with a loss
12,126,277Quantity planted
12,224,144Quantity lost

Soybeans in South Dakota, year by year

Year	Premium	Indemnity	Liability	Policies	Policies with a loss	Loss ratio
2015	$12,802,981	$28,350,202	$86,920,765	2,398	2,393	2.21
2016	$18,919,195	$26,151,981	$146,046,752	4,109	4,065	1.38
2017	$31,987,077	$45,994,198	$240,166,763	4,771	4,770	1.44
2018	$51,274,004	$115,925,736	$431,274,687	7,579	7,574	2.26
2019	$55,101,658	$297,256,110	$403,291,224	16,086	16,083	5.39
2020	$33,733,226	$121,621,544	$256,954,376	11,412	11,410	3.61
2021	$83,659,442	$175,834,550	$655,102,592	7,462	7,454	2.10
2022	$146,020,066	$309,539,162	$1,152,399,120	14,330	14,320	2.12
2023	$72,032,651	$125,108,564	$625,774,392	8,361	8,345	1.74
2024	$111,670,214	$223,046,892	$1,007,090,670	15,167	15,163	2.00

Every county-crop the agency files in South Dakota → 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.