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Crop-loss band · Maryland
Montgomery County, Maryland — crop-loss band
- 1.53Low end of the band
- 2.52Middle of the band
- 2.85High end of the band
- 2020Worst year (3.24)
- 10Years filed
What stands out
- Between its 2023 and 2024 filings its loss ratio rose from 2.76 to 2.85 and its premium rose from $72,152 to $442,787.
- Its middle loss ratio of 2.52 ranks 2nd highest of the 16 counties in Maryland with a filed crop-loss record.
- Its 2 commodities are the fewest of Maryland’s 16 county records; the most is 5.
- Across its 10 filed years it paid $2,622,508 of indemnity on $1,055,099 of premium, a loss ratio of 2.49.
- Every one of its 10 filed years ran a loss ratio above 1.0; its lowest was 1.53 in 2018 and its highest 3.24 in 2020.
Every line is computed by formula from this county’s own filed figures; nothing is estimated.
Montgomery County by filed year
| Year | Premium | Indemnity | Liability | Policies | Policies with a loss | Loss ratio |
|---|---|---|---|---|---|---|
| 2015 | $128,845 | $324,640 | $804,744 | 30 | 30 | 2.52 |
| 2016 | $49,576 | $96,692 | $271,771 | 18 | 18 | 1.95 |
| 2017 | $23,245 | $38,909 | $158,238 | 11 | 11 | 1.67 |
| 2018 | $116,929 | $179,341 | $989,698 | 26 | 26 | 1.53 |
| 2019 | $56,308 | $148,070 | $350,579 | 12 | 12 | 2.63 |
| 2020 | $31,398 | $101,773 | $290,821 | 8 | 8 | 3.24 |
| 2021 | $37,423 | $100,488 | $251,476 | 15 | 14 | 2.69 |
| 2022 | $96,436 | $170,896 | $704,446 | 15 | 15 | 1.77 |
| 2023 | $72,152 | $199,110 | $627,490 | 17 | 17 | 2.76 |
| 2024 | $442,787 | $1,262,589 | $4,368,903 | 47 | 47 | 2.85 |
2 commodities insured in Montgomery County
| Commodity | Years | Low | Middle | High | Worst year | Whole span |
|---|---|---|---|---|---|---|
| Soybeans | 10 | 1.40 | 2.54 | 2.81 | 2020 (3.25) | 2.06 |
| Corn | 10 | 0.41 | 2.50 | 3.24 | 2024 (4.27) | 3.42 |
| Commodity | Premium | Indemnity | Liability | Planted | Lost | Policies | With a loss |
|---|---|---|---|---|---|---|---|
| Soybeans | $724,468 | $1,490,588 | $5,490,032 | 18,931 | 19,773 | 139 | 139 |
| Corn | $330,631 | $1,131,920 | $3,328,134 | 6,456 | 6,482 | 60 | 59 |
Causes that carried Montgomery County’s indemnity
Soybeans
- Drought $847,745 indemnity · 8 years
- Excess Moisture/Precipitation/Rain $298,635 indemnity · 6 years
- Heat $277,074 indemnity · 8 years
- Wildlife $37,818 indemnity · 5 years
- Other (Snow, Lightning, Etc.) $22,219 indemnity · 1 years
- Insects $4,214 indemnity · 2 years
Corn
- Drought $919,501 indemnity · 8 years
- Heat $165,431 indemnity · 4 years
- Excess Moisture/Precipitation/Rain $34,167 indemnity · 2 years
- Cold Wet Weather $5,734 indemnity · 1 years
- Other (Snow, Lightning, Etc.) $3,097 indemnity · 2 years
- Decline in Price $2,280 indemnity · 1 years
All county-crop bands in Maryland →
Source: USDA Risk Management Agency, Cause of Loss Summary of Business. Methodology.