Crop-loss band · Tennessee
Soybeans in Tennessee
- 1.02Low end of the filed band
- 1.92Middle of the filed band
- 2.96High end of the filed band
- 2024Worst year filed (3.31)
- 10Years filed
Every year the Risk Management Agency has filed for Soybeans in Tennessee, summed across the 48 counties that insure it. The annual loss ratio — indemnity divided by premium — runs from 1.02 at the low end to 2.96 at the high end, with 1.92 in the middle. The worst year filed is 2024, at 3.31.
- $96,653,355Premium filed
- $220,217,979Indemnity paid
- $1,024,323,784Liability insured
- 18,397Policies
- 18,330Policies with a loss
- 2,810,767Quantity planted
- 2,278,316Quantity lost
Soybeans in Tennessee, year by year
| Year | Premium | Indemnity | Liability | Policies | Policies with a loss | Loss ratio |
|---|---|---|---|---|---|---|
| 2015 | $7,532,251 | $10,798,673 | $64,445,667 | 1,538 | 1,512 | 1.43 |
| 2016 | $4,967,545 | $5,934,132 | $42,333,469 | 1,062 | 1,042 | 1.19 |
| 2017 | $6,750,301 | $6,894,626 | $57,538,447 | 1,232 | 1,218 | 1.02 |
| 2018 | $9,915,050 | $20,795,690 | $99,874,262 | 2,021 | 2,019 | 2.10 |
| 2019 | $6,209,113 | $18,395,971 | $52,011,201 | 1,467 | 1,465 | 2.96 |
| 2020 | $3,690,990 | $7,698,734 | $39,022,377 | 1,163 | 1,161 | 2.09 |
| 2021 | $6,400,586 | $9,159,148 | $69,831,476 | 1,219 | 1,218 | 1.43 |
| 2022 | $15,595,864 | $29,981,497 | $171,462,329 | 2,305 | 2,305 | 1.92 |
| 2023 | $7,124,847 | $16,454,753 | $84,266,980 | 1,511 | 1,511 | 2.31 |
| 2024 | $28,466,807 | $94,104,755 | $343,537,575 | 4,879 | 4,879 | 3.31 |
Every county-crop the agency files in Tennessee → 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.