Crop-loss band · Virginia
Soybeans in Virginia
- 1.13Low end of the filed band
- 1.91Middle of the filed band
- 2.20High end of the filed band
- 2020Worst year filed (2.54)
- 10Years filed
Every year the Risk Management Agency has filed for Soybeans in Virginia, summed across the 37 counties that insure it. The annual loss ratio — indemnity divided by premium — runs from 1.13 at the low end to 2.20 at the high end, with 1.91 in the middle. The worst year filed is 2020, at 2.54.
- $50,328,282Premium filed
- $97,486,531Indemnity paid
- $324,259,613Liability insured
- 13,536Policies
- 13,523Policies with a loss
- 1,105,255Quantity planted
- 1,028,771Quantity lost
Soybeans in Virginia, year by year
| Year | Premium | Indemnity | Liability | Policies | Policies with a loss | Loss ratio |
|---|---|---|---|---|---|---|
| 2015 | $7,219,110 | $13,742,599 | $43,480,032 | 2,174 | 2,167 | 1.90 |
| 2016 | $4,404,938 | $7,952,522 | $23,261,945 | 1,273 | 1,271 | 1.81 |
| 2017 | $2,687,836 | $3,030,497 | $14,844,135 | 765 | 762 | 1.13 |
| 2018 | $3,317,297 | $6,326,432 | $23,486,793 | 1,488 | 1,488 | 1.91 |
| 2019 | $5,664,423 | $11,583,893 | $36,541,180 | 1,799 | 1,799 | 2.05 |
| 2020 | $2,395,328 | $6,093,082 | $16,036,113 | 886 | 886 | 2.54 |
| 2021 | $3,017,783 | $4,174,847 | $19,579,088 | 725 | 724 | 1.38 |
| 2022 | $8,375,069 | $16,064,661 | $55,195,458 | 1,197 | 1,197 | 1.92 |
| 2023 | $6,769,427 | $14,860,939 | $48,661,104 | 1,382 | 1,382 | 2.20 |
| 2024 | $6,477,073 | $13,657,059 | $43,173,767 | 1,847 | 1,847 | 2.11 |
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.