Crop-loss band · Virginia
Wheat in Virginia
- 1.62Low end of the filed band
- 2.31Middle of the filed band
- 3.11High end of the filed band
- 2020Worst year filed (3.79)
- 10Years filed
Every year the Risk Management Agency has filed for Wheat in Virginia, summed across the 12 counties that insure it. The annual loss ratio — indemnity divided by premium — runs from 1.62 at the low end to 3.11 at the high end, with 2.31 in the middle. The worst year filed is 2020, at 3.79.
- $5,424,925Premium filed
- $13,493,720Indemnity paid
- $30,013,638Liability insured
- 1,780Policies
- 1,779Policies with a loss
- 144,096Quantity planted
- 144,158Quantity lost
Wheat in Virginia, year by year
| Year | Premium | Indemnity | Liability | Policies | Policies with a loss | Loss ratio |
|---|---|---|---|---|---|---|
| 2015 | $558,545 | $1,018,371 | $3,423,275 | 188 | 188 | 1.82 |
| 2016 | $1,331,116 | $3,068,986 | $8,568,494 | 455 | 455 | 2.31 |
| 2017 | $234,891 | $431,072 | $876,603 | 95 | 95 | 1.84 |
| 2018 | $358,709 | $579,906 | $1,832,023 | 127 | 127 | 1.62 |
| 2019 | $854,910 | $1,976,352 | $3,270,210 | 244 | 244 | 2.31 |
| 2020 | $511,213 | $1,939,755 | $3,510,699 | 162 | 162 | 3.79 |
| 2021 | $717,277 | $2,232,794 | $3,690,296 | 229 | 228 | 3.11 |
| 2022 | $270,610 | $806,943 | $1,560,417 | 97 | 97 | 2.98 |
| 2023 | $354,277 | $756,244 | $1,645,285 | 91 | 91 | 2.13 |
| 2024 | $233,377 | $683,297 | $1,636,336 | 92 | 92 | 2.93 |
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.