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Crop-loss band · North Carolina
Currituck County, North Carolina — crop-loss band
- 1.29Low end of the band
- 2.10Middle of the band
- 4.62High end of the band
- 2016Worst year (4.74)
- 10Years filed
Currituck County by filed year
| Year | Premium | Indemnity | Liability | Policies | Policies with a loss | Loss ratio |
|---|---|---|---|---|---|---|
| 2015 | $29,109 | $116,511 | $357,873 | 12 | 12 | 4.00 |
| 2016 | $62,625 | $296,546 | $904,582 | 20 | 20 | 4.74 |
| 2017 | $49,495 | $126,332 | $888,240 | 18 | 18 | 2.55 |
| 2018 | $65,115 | $116,290 | $990,602 | 16 | 16 | 1.79 |
| 2019 | $56,955 | $119,452 | $769,338 | 24 | 22 | 2.10 |
| 2020 | $199,059 | $919,150 | $4,003,987 | 66 | 66 | 4.62 |
| 2021 | $135,527 | $336,553 | $1,746,169 | 20 | 20 | 2.48 |
| 2022 | $186,203 | $343,731 | $2,015,653 | 30 | 30 | 1.85 |
| 2023 | $157,181 | $203,027 | $2,569,677 | 22 | 22 | 1.29 |
| 2024 | $211,710 | $423,203 | $2,967,112 | 42 | 42 | 2.00 |
2 commodities insured in Currituck County
| Commodity | Years | Low | Middle | High | Worst year | Whole span |
|---|---|---|---|---|---|---|
| Soybeans | 10 | 1.27 | 1.98 | 3.94 | 2016 (3.94) | 2.28 |
| Corn | 10 | 0.62 | 2.72 | 5.80 | 2020 (6.19) | 3.46 |
| Commodity | Premium | Indemnity | Liability | Planted | Lost | Policies | With a loss |
|---|---|---|---|---|---|---|---|
| Soybeans | $836,897 | $1,907,067 | $9,970,282 | 30,797 | 26,896 | 178 | 176 |
| Corn | $316,082 | $1,093,728 | $7,242,951 | 13,583 | 13,332 | 92 | 92 |
Causes that carried Currituck County’s indemnity
Soybeans
- Excess Moisture/Precipitation/Rain $899,759 indemnity · 10 years
- Drought $862,717 indemnity · 9 years
- Decline in Price $66,324 indemnity · 4 years
- Hurricane/Tropical Depression $36,512 indemnity · 2 years
- All Other Causes $19,246 indemnity · 1 years
- Wildlife $13,877 indemnity · 5 years
Corn
- Excess Moisture/Precipitation/Rain $644,176 indemnity · 7 years
- Drought $204,279 indemnity · 6 years
- Hurricane/Tropical Depression $92,921 indemnity · 2 years
- Heat $76,053 indemnity · 4 years
- Decline in Price $43,070 indemnity · 7 years
- Wind/Excess Wind $31,556 indemnity · 1 years
All county-crop bands in North Carolina →
Source: USDA Risk Management Agency, Cause of Loss Summary of Business. Methodology.