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Crop-loss band · Indiana
Wabash County, Indiana — crop-loss band
- 0.70Low end of the band
- 1.11Middle of the band
- 3.02High end of the band
- 2019Worst year (7.11)
- 10Years filed
What stands out
- Between its 2023 and 2024 filings its loss ratio rose from 1.05 to 2.33 and its premium rose from $650,056 to $4,582,648.
- Its middle loss ratio of 1.11 ranks 64th 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 $29,973,855 of indemnity on $14,136,369 of premium, a loss ratio of 2.12.
- It ran a loss ratio above 1.0 in 7 of its 10 filed years; its lowest was 0.70 in 2017 and its highest 7.11 in 2019.
Every line is computed by formula from this county’s own filed figures; nothing is estimated.
Wabash County by filed year
| Year | Premium | Indemnity | Liability | Policies | Policies with a loss | Loss ratio |
|---|---|---|---|---|---|---|
| 2015 | $3,016,365 | $9,105,883 | $42,036,906 | 374 | 374 | 3.02 |
| 2016 | $562,180 | $640,153 | $10,473,631 | 92 | 92 | 1.14 |
| 2017 | $2,378,943 | $1,670,455 | $32,851,091 | 295 | 291 | 0.70 |
| 2018 | $243,999 | $598,875 | $4,432,205 | 57 | 55 | 2.45 |
| 2019 | $677,688 | $4,818,314 | $8,691,793 | 205 | 204 | 7.11 |
| 2020 | $725,375 | $633,475 | $13,025,688 | 115 | 115 | 0.87 |
| 2021 | $466,748 | $517,978 | $7,128,290 | 62 | 62 | 1.11 |
| 2022 | $832,367 | $626,404 | $13,065,132 | 90 | 90 | 0.75 |
| 2023 | $650,056 | $684,466 | $11,623,634 | 91 | 91 | 1.05 |
| 2024 | $4,582,648 | $10,677,852 | $59,695,272 | 523 | 523 | 2.33 |
2 commodities insured in Wabash County
| Commodity | Years | Low | Middle | High | Worst year | Whole span |
|---|---|---|---|---|---|---|
| Corn | 10 | 0.44 | 1.20 | 2.96 | 2019 (8.33) | 1.85 |
| Soybeans | 10 | 0.87 | 1.30 | 3.47 | 2019 (4.92) | 2.56 |
| Commodity | Premium | Indemnity | Liability | Planted | Lost | Policies | With a loss |
|---|---|---|---|---|---|---|---|
| Corn | $8,728,027 | $16,104,069 | $108,367,602 | 153,808 | 129,532 | 887 | 882 |
| Soybeans | $5,408,342 | $13,869,786 | $94,656,039 | 177,898 | 151,023 | 1,017 | 1,015 |
Causes that carried Wabash County’s indemnity
Corn
- Excess Moisture/Precipitation/Rain $8,124,069 indemnity · 10 years
- ARPI/SCO/STAX Crops Only $5,031,769 indemnity · 4 years
- Drought $1,318,473 indemnity · 8 years
- Decline in Price $587,472 indemnity · 8 years
- Mycotoxin $279,341 indemnity · 3 years
- Other (Snow, Lightning, Etc.) $265,198 indemnity · 3 years
Soybeans
- Excess Moisture/Precipitation/Rain $4,667,342 indemnity · 10 years
- Drought $4,320,335 indemnity · 9 years
- ARPI/SCO/ECO/STAX/MP/PACE Crops Only $3,101,688 indemnity · 1 years
- Decline in Price $1,196,715 indemnity · 8 years
- Cold Wet Weather $215,655 indemnity · 9 years
- Heat $126,550 indemnity · 3 years
All county-crop bands in Indiana →
Source: USDA Risk Management Agency, Cause of Loss Summary of Business. Methodology.