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Crop-loss band · Minnesota
Aitkin County, Minnesota — crop-loss band
- 1.16Low end of the band
- 2.32Middle of the band
- 2.68High end of the band
- 2020Worst year (4.04)
- 10Years filed
Aitkin County by filed year
| Year | Premium | Indemnity | Liability | Policies | Policies with a loss | Loss ratio |
|---|---|---|---|---|---|---|
| 2015 | $121,241 | $281,445 | $328,715 | 13 | 13 | 2.32 |
| 2016 | $145,457 | $168,304 | $646,144 | 6 | 6 | 1.16 |
| 2017 | $138,319 | $367,879 | $440,953 | 22 | 22 | 2.66 |
| 2018 | $186,320 | $413,599 | $729,787 | 39 | 39 | 2.22 |
| 2019 | $183,349 | $450,222 | $666,561 | 24 | 24 | 2.46 |
| 2020 | $187,308 | $756,935 | $1,014,245 | 14 | 14 | 4.04 |
| 2021 | $183,546 | $247,271 | $991,829 | 17 | 17 | 1.35 |
| 2022 | $423,903 | $853,701 | $1,128,548 | 18 | 18 | 2.01 |
| 2023 | $178,199 | $476,951 | $1,150,189 | 23 | 23 | 2.68 |
| 2024 | $279,444 | $657,992 | $1,143,469 | 20 | 20 | 2.35 |
2 commodities insured in Aitkin County
| Commodity | Years | Low | Middle | High | Worst year | Whole span |
|---|---|---|---|---|---|---|
| Soybeans | 10 | 0.86 | 1.79 | 2.07 | 2020 (3.66) | 1.83 |
| Corn | 10 | 2.35 | 3.43 | 3.87 | 2020 (4.93) | 3.20 |
| Commodity | Premium | Indemnity | Liability | Planted | Lost | Policies | With a loss |
|---|---|---|---|---|---|---|---|
| Soybeans | $1,319,943 | $2,412,945 | $4,799,797 | 24,758 | 24,688 | 104 | 104 |
| Corn | $707,143 | $2,261,354 | $3,440,643 | 12,111 | 12,100 | 92 | 92 |
Causes that carried Aitkin County’s indemnity
Soybeans
- Excess Moisture/Precipitation/Rain $1,646,160 indemnity · 9 years
- Hail $273,884 indemnity · 2 years
- Drought $251,813 indemnity · 4 years
- Cold Wet Weather $90,400 indemnity · 2 years
- Frost $59,145 indemnity · 2 years
- Freeze $55,021 indemnity · 2 years
Corn
- Excess Moisture/Precipitation/Rain $1,330,962 indemnity · 8 years
- Drought $804,414 indemnity · 4 years
- Cold Wet Weather $115,747 indemnity · 3 years
- Frost $4,214 indemnity · 1 years
- Wildlife $3,464 indemnity · 3 years
- All Other Causes $2,274 indemnity · 1 years
All county-crop bands in Minnesota →
Source: USDA Risk Management Agency, Cause of Loss Summary of Business. Methodology.