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Crop-loss band · Iowa
Benton County, Iowa — crop-loss band
- 1.00Low end of the band
- 2.33Middle of the band
- 3.08High end of the band
- 2020Worst year (13.14)
- 10Years filed
Benton County by filed year
| Year | Premium | Indemnity | Liability | Policies | Policies with a loss | Loss ratio |
|---|---|---|---|---|---|---|
| 2015 | $347,926 | $746,659 | $6,014,616 | 129 | 129 | 2.15 |
| 2016 | $143,198 | $440,984 | $2,746,610 | 70 | 70 | 3.08 |
| 2017 | $199,131 | $410,209 | $3,670,577 | 110 | 110 | 2.06 |
| 2018 | $420,087 | $982,993 | $8,867,132 | 167 | 167 | 2.34 |
| 2019 | $723,739 | $1,839,448 | $16,534,331 | 256 | 256 | 2.54 |
| 2020 | $4,146,673 | $54,476,675 | $116,576,543 | 1,097 | 1,097 | 13.14 |
| 2021 | $444,426 | $1,037,679 | $7,008,768 | 110 | 110 | 2.33 |
| 2022 | $198,894 | $268,493 | $3,175,940 | 28 | 28 | 1.35 |
| 2023 | $10,373,897 | $30,450,743 | $219,873,919 | 1,235 | 1,233 | 2.94 |
| 2024 | $1,948,458 | $1,956,950 | $27,579,676 | 245 | 245 | 1.00 |
3 commodities insured in Benton County
| Commodity | Years | Low | Middle | High | Worst year | Whole span |
|---|---|---|---|---|---|---|
| Corn | 10 | 0.57 | 2.65 | 4.79 | 2020 (14.42) | 5.84 |
| Soybeans | 10 | 1.14 | 1.96 | 3.07 | 2016 (4.66) | 2.32 |
| Hybrid Corn Seed | 9 | 0.79 | 2.92 | 8.34 | 2020 (8.34) | 5.66 |
| Commodity | Premium | Indemnity | Liability | Planted | Lost | Policies | With a loss |
|---|---|---|---|---|---|---|---|
| Corn | $13,497,937 | $78,792,043 | $298,053,143 | 327,121 | 345,169 | 2,086 | 2,085 |
| Soybeans | $5,097,686 | $11,834,412 | $108,069,950 | 169,823 | 171,100 | 1,266 | 1,265 |
| Hybrid Corn Seed | $350,806 | $1,984,378 | $5,925,019 | 6,140 | 6,140 | 95 | 95 |
Causes that carried Benton County’s indemnity
Corn
- Wind/Excess Wind $48,137,444 indemnity · 8 years
- Drought $22,831,257 indemnity · 9 years
- ARPI/SCO/STAX/MP/HIP WI Crops Only $2,824,855 indemnity · 3 years
- Excess Moisture/Precipitation/Rain $1,976,388 indemnity · 9 years
- Decline in Price $1,965,646 indemnity · 8 years
- Hail $349,579 indemnity · 3 years
Soybeans
- Drought $7,704,113 indemnity · 9 years
- Excess Moisture/Precipitation/Rain $1,977,994 indemnity · 10 years
- Decline in Price $787,203 indemnity · 8 years
- ARPI/SCO/ECO/STAX/MP/HIP-WI/PACE Crops Only $659,395 indemnity · 2 years
- Wind/Excess Wind $272,768 indemnity · 3 years
- Hail $133,934 indemnity · 6 years
Hybrid Corn Seed
- Wind/Excess Wind $1,569,451 indemnity · 3 years
- Drought $158,752 indemnity · 3 years
- Excess Moisture/Precipitation/Rain $155,341 indemnity · 5 years
- Cold Wet Weather $67,888 indemnity · 1 years
- Tornado $32,946 indemnity · 1 years
All county-crop bands in Iowa →
Source: USDA Risk Management Agency, Cause of Loss Summary of Business. Methodology.