Crop-loss band · Virginia
Cotton in Virginia
- 1.01Low end of the filed band
- 2.21Middle of the filed band
- 3.20High end of the filed band
- 2016Worst year filed (3.26)
- 10Years filed
Every year the Risk Management Agency has filed for Cotton in Virginia, summed across the 7 counties that insure it. The annual loss ratio — indemnity divided by premium — runs from 1.01 at the low end to 3.20 at the high end, with 2.21 in the middle. The worst year filed is 2016, at 3.26.
- $12,243,336Premium filed
- $28,172,803Indemnity paid
- $109,496,357Liability insured
- 2,323Policies
- 2,323Policies with a loss
- 178,353Quantity planted
- 255,847Quantity lost
Cotton in Virginia, year by year
| Year | Premium | Indemnity | Liability | Policies | Policies with a loss | Loss ratio |
|---|---|---|---|---|---|---|
| 2015 | $1,765,889 | $3,220,709 | $13,931,846 | 393 | 393 | 1.82 |
| 2016 | $2,854,802 | $9,300,080 | $26,757,544 | 595 | 595 | 3.26 |
| 2017 | $178,724 | $514,356 | $1,757,872 | 70 | 70 | 2.88 |
| 2018 | $400,981 | $884,735 | $4,108,342 | 105 | 105 | 2.21 |
| 2019 | $252,574 | $663,714 | $3,213,633 | 65 | 65 | 2.63 |
| 2020 | $2,394,498 | $7,662,756 | $29,361,430 | 596 | 596 | 3.20 |
| 2021 | $229,628 | $639,811 | $2,725,576 | 72 | 72 | 2.79 |
| 2022 | $3,238,832 | $4,057,724 | $19,954,257 | 282 | 282 | 1.25 |
| 2023 | $293,702 | $589,395 | $3,044,065 | 37 | 37 | 2.01 |
| 2024 | $633,707 | $639,523 | $4,641,793 | 108 | 108 | 1.01 |
Every county-crop the agency files in Virginia → 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.