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Crop-loss band · North Carolina
Lenoir County, North Carolina — crop-loss band
- 2.26Low end of the band
- 2.61Middle of the band
- 3.40High end of the band
- 2020Worst year (3.57)
- 10Years filed
Lenoir County by filed year
| Year | Premium | Indemnity | Liability | Policies | Policies with a loss | Loss ratio |
|---|---|---|---|---|---|---|
| 2015 | $2,153,541 | $6,979,312 | $14,073,603 | 327 | 327 | 3.24 |
| 2016 | $2,052,348 | $5,919,517 | $12,099,376 | 358 | 358 | 2.88 |
| 2017 | $1,486,659 | $3,803,496 | $9,043,513 | 197 | 196 | 2.56 |
| 2018 | $3,097,781 | $10,536,552 | $19,704,630 | 419 | 419 | 3.40 |
| 2019 | $2,404,358 | $7,962,166 | $14,246,527 | 403 | 403 | 3.31 |
| 2020 | $4,002,800 | $14,301,667 | $22,504,670 | 652 | 652 | 3.57 |
| 2021 | $1,900,427 | $4,640,936 | $11,061,297 | 207 | 207 | 2.44 |
| 2022 | $2,812,982 | $7,347,681 | $16,825,878 | 214 | 214 | 2.61 |
| 2023 | $2,354,906 | $5,494,629 | $11,616,080 | 254 | 254 | 2.33 |
| 2024 | $5,409,976 | $12,248,529 | $23,849,952 | 705 | 705 | 2.26 |
6 commodities insured in Lenoir County
| Commodity | Years | Low | Middle | High | Worst year | Whole span |
|---|---|---|---|---|---|---|
| Flue Cured Tobacco | 10 | 2.64 | 3.52 | 4.34 | 2015 (4.73) | 3.68 |
| Soybeans | 10 | 1.37 | 1.78 | 2.51 | 2020 (3.27) | 2.02 |
| Corn | 10 | 2.06 | 2.56 | 3.52 | 2020 (3.92) | 2.87 |
| Cotton | 10 | 1.27 | 2.38 | 4.39 | 2016 (4.60) | 2.69 |
| Wheat | 10 | 2.02 | 2.42 | 2.98 | 2016 (3.44) | 2.72 |
| Whole Farm Revenue Protection | 5 | 0.47 | 2.64 | 4.05 | 2017 (4.05) | 2.00 |
| Commodity | Premium | Indemnity | Liability | Planted | Lost | Policies | With a loss |
|---|---|---|---|---|---|---|---|
| Flue Cured Tobacco | $9,861,098 | $36,244,620 | $66,430,136 | 20,789 | 23,664 | 635 | 635 |
| Soybeans | $8,288,435 | $16,780,735 | $33,081,237 | 120,468 | 143,999 | 1,410 | 1,410 |
| Corn | $5,742,194 | $16,484,548 | $30,830,501 | 71,293 | 86,831 | 1,019 | 1,019 |
| Cotton | $1,700,116 | $4,576,828 | $10,503,368 | 20,203 | 26,285 | 213 | 213 |
| Wheat | $1,352,845 | $3,686,246 | $6,072,810 | 45,263 | 45,249 | 440 | 439 |
| Whole Farm Revenue Protection | $731,090 | $1,461,508 | $8,107,474 | 0 | 0 | 19 | 19 |
Causes that carried Lenoir County’s indemnity
Flue Cured Tobacco
- Excess Moisture/Precipitation/Rain $10,313,969 indemnity · 9 years
- Drought $8,580,657 indemnity · 9 years
- Hurricane/Tropical Depression $8,349,753 indemnity · 7 years
- ARPI/SCO/STAX/MP Crops Only $2,514,225 indemnity · 4 years
- Plant Disease $2,029,146 indemnity · 7 years
- Tropical Storm $1,767,813 indemnity · 1 years
Soybeans
- Drought $5,767,687 indemnity · 10 years
- Hurricane/Tropical Depression $4,070,536 indemnity · 7 years
- Excess Moisture/Precipitation/Rain $4,030,745 indemnity · 10 years
- ARPI/SCO/STAX/MP Crops Only $1,460,830 indemnity · 4 years
- Tropical Storm $945,676 indemnity · 1 years
- Heat $375,678 indemnity · 8 years
Corn
- Drought $8,813,909 indemnity · 10 years
- ARPI/SCO/STAX Crops Only $1,918,489 indemnity · 5 years
- Excess Moisture/Precipitation/Rain $1,743,355 indemnity · 8 years
- Hurricane/Tropical Depression $1,718,071 indemnity · 7 years
- Tropical Storm $1,034,344 indemnity · 2 years
- Heat $1,024,265 indemnity · 9 years
Cotton
- Hurricane/Tropical Depression $1,306,009 indemnity · 7 years
- Excess Moisture/Precipitation/Rain $1,107,965 indemnity · 6 years
- Drought $1,103,866 indemnity · 7 years
- ARPI/SCO/STAX Crops Only $702,379 indemnity · 3 years
- Tropical Storm $277,449 indemnity · 1 years
- Decline in Price $31,350 indemnity · 3 years
Wheat
- Excess Moisture/Precipitation/Rain $2,716,510 indemnity · 8 years
- Frost $267,779 indemnity · 5 years
- Drought $236,074 indemnity · 7 years
- Cold Wet Weather $206,578 indemnity · 4 years
- Freeze $129,487 indemnity · 5 years
- Decline in Price $56,100 indemnity · 6 years
Whole Farm Revenue Protection
- Drought $1,156,871 indemnity · 4 years
- Plant Disease $143,819 indemnity · 1 years
- Wind/Excess Wind $83,335 indemnity · 4 years
- Heat $66,049 indemnity · 1 years
- Excess Moisture/Precipitation/Rain $11,435 indemnity · 1 years
All county-crop bands in North Carolina →
Source: USDA Risk Management Agency, Cause of Loss Summary of Business. Methodology.