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Crop-loss band · Indiana
Marion County, Indiana — crop-loss band
- 0.80Low end of the band
- 1.68Middle of the band
- 3.49High end of the band
- 2019Worst year (4.93)
- 10Years filed
What stands out
- Between its 2023 and 2024 filings its loss ratio rose from 1.47 to 1.65 and its premium rose from $90,199 to $130,570.
- Its middle loss ratio of 1.68 ranks 15th highest of the 89 counties in Indiana with a filed crop-loss record.
- Its 2 commodities are the fewest of Indiana’s 89 county records; the most is 4.
- Across its 10 filed years it paid $2,641,334 of indemnity on $1,149,875 of premium, a loss ratio of 2.30.
- It ran a loss ratio above 1.0 in 8 of its 10 filed years; its lowest was 0.80 in 2020 and its highest 4.93 in 2019.
Every line is computed by formula from this county’s own filed figures; nothing is estimated.
Marion County by filed year
| Year | Premium | Indemnity | Liability | Policies | Policies with a loss | Loss ratio |
|---|---|---|---|---|---|---|
| 2015 | $137,564 | $479,742 | $2,064,528 | 43 | 43 | 3.49 |
| 2016 | $76,300 | $177,192 | $1,069,717 | 15 | 15 | 2.32 |
| 2017 | $163,327 | $290,083 | $2,280,699 | 46 | 46 | 1.78 |
| 2018 | $42,656 | $82,402 | $618,058 | 15 | 15 | 1.93 |
| 2019 | $165,875 | $817,104 | $2,407,164 | 80 | 80 | 4.93 |
| 2020 | $81,491 | $65,227 | $1,336,469 | 26 | 26 | 0.80 |
| 2021 | $182,077 | $306,324 | $2,145,886 | 30 | 30 | 1.68 |
| 2022 | $79,816 | $74,603 | $886,524 | 14 | 14 | 0.93 |
| 2023 | $90,199 | $132,648 | $1,171,138 | 25 | 25 | 1.47 |
| 2024 | $130,570 | $216,009 | $1,792,140 | 23 | 23 | 1.65 |
2 commodities insured in Marion County
| Commodity | Years | Low | Middle | High | Worst year | Whole span |
|---|---|---|---|---|---|---|
| Corn | 9 | 0.51 | 1.24 | 5.98 | 2019 (5.98) | 2.29 |
| Soybeans | 10 | 1.15 | 1.95 | 3.66 | 2016 (3.73) | 2.30 |
| Commodity | Premium | Indemnity | Liability | Planted | Lost | Policies | With a loss |
|---|---|---|---|---|---|---|---|
| Corn | $632,919 | $1,451,270 | $8,218,607 | 15,462 | 14,124 | 150 | 150 |
| Soybeans | $516,956 | $1,190,064 | $7,553,716 | 17,455 | 19,565 | 167 | 167 |
Causes that carried Marion County’s indemnity
Corn
- Excess Moisture/Precipitation/Rain $1,153,464 indemnity · 8 years
- Decline in Price $127,482 indemnity · 5 years
- Drought $62,579 indemnity · 6 years
- Wind/Excess Wind $39,976 indemnity · 1 years
- Heat $27,046 indemnity · 1 years
- Cold Wet Weather $26,895 indemnity · 6 years
Soybeans
- Excess Moisture/Precipitation/Rain $778,730 indemnity · 10 years
- Drought $300,893 indemnity · 8 years
- Decline in Price $68,167 indemnity · 5 years
- Cold Wet Weather $29,524 indemnity · 6 years
- Hail $6,894 indemnity · 1 years
- Heat $3,079 indemnity · 1 years
All county-crop bands in Indiana →
Source: USDA Risk Management Agency, Cause of Loss Summary of Business. Methodology.