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Crop-loss band · North Carolina
Craven County, North Carolina — crop-loss band
- 1.87Low end of the band
- 2.64Middle of the band
- 3.34High end of the band
- 2019Worst year (3.46)
- 10Years filed
Craven County by filed year
| Year | Premium | Indemnity | Liability | Policies | Policies with a loss | Loss ratio |
|---|---|---|---|---|---|---|
| 2015 | $935,026 | $2,420,924 | $5,986,946 | 189 | 189 | 2.59 |
| 2016 | $797,602 | $2,641,668 | $4,675,562 | 132 | 132 | 3.31 |
| 2017 | $710,301 | $1,417,137 | $4,886,569 | 101 | 101 | 2.00 |
| 2018 | $1,654,015 | $5,162,173 | $10,740,987 | 257 | 257 | 3.12 |
| 2019 | $1,182,406 | $4,091,568 | $8,175,510 | 208 | 205 | 3.46 |
| 2020 | $1,837,269 | $6,129,021 | $11,657,835 | 242 | 242 | 3.34 |
| 2021 | $776,769 | $1,697,308 | $3,991,543 | 122 | 122 | 2.19 |
| 2022 | $1,570,997 | $4,145,069 | $9,212,828 | 143 | 143 | 2.64 |
| 2023 | $3,555,572 | $6,665,252 | $15,031,014 | 338 | 338 | 1.87 |
| 2024 | $4,492,201 | $12,509,095 | $21,723,247 | 471 | 471 | 2.78 |
5 commodities insured in Craven County
| Commodity | Years | Low | Middle | High | Worst year | Whole span |
|---|---|---|---|---|---|---|
| Corn | 10 | 0.93 | 2.63 | 3.69 | 2019 (3.70) | 2.98 |
| Flue Cured Tobacco | 10 | 2.96 | 3.74 | 5.16 | 2020 (6.10) | 3.81 |
| Soybeans | 10 | 1.34 | 1.62 | 2.77 | 2018 (2.82) | 1.86 |
| Cotton | 10 | 0.54 | 1.99 | 3.68 | 2021 (4.46) | 1.97 |
| Wheat | 10 | 1.55 | 2.99 | 3.68 | 2021 (3.79) | 3.17 |
| Commodity | Premium | Indemnity | Liability | Planted | Lost | Policies | With a loss |
|---|---|---|---|---|---|---|---|
| Corn | $5,273,256 | $15,724,172 | $31,895,660 | 69,550 | 68,568 | 801 | 801 |
| Flue Cured Tobacco | $3,878,142 | $14,760,188 | $24,669,006 | 7,885 | 7,899 | 177 | 177 |
| Soybeans | $5,735,191 | $10,663,962 | $26,671,344 | 85,393 | 79,193 | 893 | 890 |
| Cotton | $2,159,204 | $4,253,076 | $10,339,024 | 15,747 | 22,200 | 160 | 160 |
| Wheat | $466,365 | $1,477,817 | $2,507,006 | 15,801 | 15,835 | 172 | 172 |
Causes that carried Craven County’s indemnity
Corn
- Drought $7,843,360 indemnity · 10 years
- Hurricane/Tropical Depression $3,043,629 indemnity · 7 years
- Tropical Storm $1,895,354 indemnity · 2 years
- Excess Moisture/Precipitation/Rain $1,652,681 indemnity · 10 years
- Heat $823,992 indemnity · 9 years
- Decline in Price $300,207 indemnity · 8 years
Flue Cured Tobacco
- Hurricane/Tropical Depression $4,316,373 indemnity · 7 years
- Drought $3,454,147 indemnity · 5 years
- Excess Moisture/Precipitation/Rain $3,429,509 indemnity · 7 years
- Plant Disease $1,217,028 indemnity · 5 years
- Tropical Storm $1,206,597 indemnity · 2 years
- ARPI/SCO/STAX/MP Crops Only $470,472 indemnity · 4 years
Soybeans
- Hurricane/Tropical Depression $3,159,277 indemnity · 7 years
- Drought $2,729,410 indemnity · 9 years
- Excess Moisture/Precipitation/Rain $2,600,378 indemnity · 10 years
- Tropical Storm $1,523,629 indemnity · 2 years
- Wildlife $444,467 indemnity · 10 years
- Heat $64,684 indemnity · 5 years
Cotton
- Excess Moisture/Precipitation/Rain $931,181 indemnity · 7 years
- Drought $828,470 indemnity · 6 years
- ARPI/SCO/STAX Crops Only $708,281 indemnity · 5 years
- Tropical Storm $707,298 indemnity · 2 years
- Hurricane/Tropical Depression $697,800 indemnity · 7 years
- Hurricane $153,904 indemnity · 1 years
Wheat
- Excess Moisture/Precipitation/Rain $1,143,918 indemnity · 10 years
- Frost $170,589 indemnity · 6 years
- Drought $72,946 indemnity · 4 years
- Cold Wet Weather $39,481 indemnity · 4 years
- ARPI/SCO/ECO/STAX/MP/HIP-WI/PACE Crops Only $13,089 indemnity · 2 years
- Decline in Price $13,079 indemnity · 2 years
All county-crop bands in North Carolina →
Source: USDA Risk Management Agency, Cause of Loss Summary of Business. Methodology.