Cumberland County, North Carolina — crop-loss band

What stands out

Between its 2023 and 2024 filings its loss ratio rose from 2.59 to 2.76 and its premium rose from $2,550,268 to $3,521,046.
Its middle loss ratio of 2.94 ranks 40th highest of the 73 counties in North Carolina with a filed crop-loss record.
It insures 5 commodities, against a range of 2 to 10 across North Carolina’s 73 county records.
Across its 10 filed years it paid $60,099,338 of indemnity on $19,780,609 of premium, a loss ratio of 3.04.
Every one of its 10 filed years ran a loss ratio above 1.0; its lowest was 2.59 in 2023 and its highest 4.10 in 2015.

Every line is computed by formula from this county’s own filed figures; nothing is estimated.

Year	Premium	Indemnity	Liability	Policies	Policies with a loss	Loss ratio
2015	$1,284,549	$5,265,345	$9,126,775	188	188	4.10
2016	$1,312,501	$4,892,072	$8,628,440	211	211	3.73
2017	$709,408	$2,603,770	$4,216,919	59	59	3.67
2018	$2,523,884	$8,900,738	$13,817,159	208	208	3.53
2019	$1,449,910	$4,571,887	$7,442,166	193	193	3.15
2020	$2,311,043	$6,791,839	$10,594,176	332	332	2.94
2021	$1,372,281	$3,609,168	$6,528,467	114	114	2.63
2022	$2,745,720	$7,161,781	$11,893,567	170	170	2.61
2023	$2,550,268	$6,599,843	$10,298,109	129	129	2.59
2024	$3,521,046	$9,702,895	$15,994,287	322	322	2.76

Commodity	Years	Low	Middle	High	Worst year	Whole span
Flue Cured Tobacco	10	2.50	2.88	5.04	2015 (6.63)	3.34
Cotton	10	1.54	2.54	3.27	2020 (3.70)	2.65
Soybeans	10	1.22	1.99	2.53	2020 (2.74)	2.12
Corn	10	1.92	2.94	3.60	2022 (3.63)	3.09
Wheat	10	1.45	2.72	3.85	2016 (4.61)	3.28

Commodity	Premium	Indemnity	Liability	Planted	Lost	Policies	With a loss
Flue Cured Tobacco	$11,838,541	$39,580,306	$60,864,876	17,234	19,576	345	345
Cotton	$3,042,940	$8,062,050	$13,260,453	27,387	46,930	277	277
Soybeans	$2,841,420	$6,035,442	$12,881,557	45,241	49,540	717	717
Corn	$1,744,980	$5,397,346	$9,779,892	24,492	26,756	407	407
Wheat	$312,729	$1,024,194	$1,753,287	10,639	10,711	180	180