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Crop-loss band · Minnesota
Martin County, Minnesota — crop-loss band
- 0.88Low end of the band
- 1.53Middle of the band
- 4.31High end of the band
- 2018Worst year (4.34)
- 10Years filed
Martin County by filed year
| Year | Premium | Indemnity | Liability | Policies | Policies with a loss | Loss ratio |
|---|---|---|---|---|---|---|
| 2015 | $119,018 | $115,487 | $1,951,200 | 33 | 33 | 0.97 |
| 2016 | $1,601,335 | $1,403,600 | $35,779,765 | 423 | 362 | 0.88 |
| 2017 | $260,970 | $399,670 | $4,368,629 | 107 | 107 | 1.53 |
| 2018 | $7,540,807 | $32,744,394 | $166,407,603 | 1,518 | 1,518 | 4.34 |
| 2019 | $4,055,345 | $14,098,795 | $84,372,763 | 982 | 976 | 3.48 |
| 2020 | $765,224 | $1,438,633 | $16,189,080 | 193 | 193 | 1.88 |
| 2021 | $1,841,546 | $3,942,079 | $29,156,806 | 274 | 274 | 2.14 |
| 2022 | $423,065 | $490,576 | $6,482,211 | 69 | 69 | 1.16 |
| 2023 | $2,432,574 | $3,175,716 | $45,837,664 | 328 | 328 | 1.31 |
| 2024 | $12,697,662 | $54,697,322 | $241,704,697 | 1,821 | 1,821 | 4.31 |
2 commodities insured in Martin County
| Commodity | Years | Low | Middle | High | Worst year | Whole span |
|---|---|---|---|---|---|---|
| Corn | 10 | 0.58 | 1.65 | 4.35 | 2018 (4.98) | 3.64 |
| Soybeans | 10 | 0.89 | 1.32 | 3.19 | 2024 (4.24) | 3.34 |
| Commodity | Premium | Indemnity | Liability | Planted | Lost | Policies | With a loss |
|---|---|---|---|---|---|---|---|
| Corn | $22,090,755 | $80,329,118 | $454,978,651 | 615,298 | 575,806 | 3,379 | 3,334 |
| Soybeans | $9,646,791 | $32,177,154 | $177,271,767 | 337,697 | 319,285 | 2,369 | 2,347 |
Causes that carried Martin County’s indemnity
Corn
- Excess Moisture/Precipitation/Rain $66,300,396 indemnity · 9 years
- Drought $5,223,667 indemnity · 7 years
- Wind/Excess Wind $2,402,188 indemnity · 9 years
- Cold Wet Weather $1,835,029 indemnity · 9 years
- Decline in Price $1,803,192 indemnity · 7 years
- ARPI/SCO/STAX/MP Crops Only $1,239,461 indemnity · 3 years
Soybeans
- Excess Moisture/Precipitation/Rain $27,259,832 indemnity · 9 years
- Drought $1,851,016 indemnity · 7 years
- Decline in Price $1,073,556 indemnity · 7 years
- Hail $882,103 indemnity · 8 years
- Cold Wet Weather $534,887 indemnity · 8 years
- ARPI/SCO/ECO/STAX/MP/PACE Crops Only $382,884 indemnity · 1 years
All county-crop bands in Minnesota →
Source: USDA Risk Management Agency, Cause of Loss Summary of Business. Methodology.