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Crop-loss band · Nebraska
Gage County, Nebraska — crop-loss band
- 1.12Low end of the band
- 1.98Middle of the band
- 2.67High end of the band
- 2015Worst year (3.48)
- 10Years filed
What stands out
- Between its 2023 and 2024 filings its loss ratio fell from 2.67 to 2.23 and its premium fell from $6,156,935 to $4,676,692.
- Its middle loss ratio of 1.98 ranks 65th highest of the 88 counties in Nebraska with a filed crop-loss record.
- It insures 4 commodities, against a range of 2 to 10 across Nebraska’s 88 county records.
- Across its 10 filed years it paid $61,020,724 of indemnity on $26,355,926 of premium, a loss ratio of 2.32.
- Every one of its 10 filed years ran a loss ratio above 1.0; its lowest was 1.12 in 2016 and its highest 3.48 in 2015.
Every line is computed by formula from this county’s own filed figures; nothing is estimated.
Gage County by filed year
| Year | Premium | Indemnity | Liability | Policies | Policies with a loss | Loss ratio |
|---|---|---|---|---|---|---|
| 2015 | $1,070,340 | $3,720,219 | $12,756,084 | 737 | 737 | 3.48 |
| 2016 | $911,564 | $1,024,596 | $7,972,871 | 285 | 285 | 1.12 |
| 2017 | $1,524,304 | $3,014,808 | $14,741,565 | 462 | 462 | 1.98 |
| 2018 | $334,928 | $614,202 | $4,095,821 | 152 | 152 | 1.83 |
| 2019 | $801,152 | $1,326,055 | $10,162,320 | 298 | 297 | 1.66 |
| 2020 | $726,674 | $1,883,381 | $9,197,847 | 323 | 322 | 2.59 |
| 2021 | $868,252 | $1,327,511 | $8,321,767 | 248 | 248 | 1.53 |
| 2022 | $9,285,085 | $21,200,342 | $101,155,946 | 1,612 | 1,612 | 2.28 |
| 2023 | $6,156,935 | $16,469,065 | $77,948,833 | 1,739 | 1,739 | 2.67 |
| 2024 | $4,676,692 | $10,440,545 | $59,229,909 | 1,611 | 1,611 | 2.23 |
4 commodities insured in Gage County
| Commodity | Years | Low | Middle | High | Worst year | Whole span |
|---|---|---|---|---|---|---|
| Soybeans | 10 | 1.35 | 2.03 | 2.97 | 2023 (3.91) | 2.88 |
| Corn | 10 | 1.06 | 1.52 | 2.32 | 2020 (3.01) | 1.57 |
| Wheat | 9 | 0.92 | 2.80 | 7.55 | 2015 (7.55) | 6.07 |
| Pasture,Rangeland,Forage | 10 | 0.41 | 1.69 | 3.00 | 2016 (3.20) | 2.00 |
| Commodity | Premium | Indemnity | Liability | Planted | Lost | Policies | With a loss |
|---|---|---|---|---|---|---|---|
| Soybeans | $13,809,842 | $39,703,454 | $182,349,872 | 386,373 | 374,536 | 4,052 | 4,052 |
| Corn | $11,877,355 | $18,679,755 | $117,755,157 | 197,229 | 191,298 | 2,445 | 2,444 |
| Wheat | $320,078 | $1,941,875 | $3,311,831 | 15,253 | 15,172 | 424 | 423 |
| Pasture,Rangeland,Forage | $348,651 | $695,640 | $2,166,103 | 21,689 | 0 | 546 | 546 |
Causes that carried Gage County’s indemnity
Soybeans
- Drought $27,399,397 indemnity · 10 years
- Hail $3,798,974 indemnity · 8 years
- Heat $3,003,644 indemnity · 8 years
- Decline in Price $1,905,248 indemnity · 7 years
- Excess Moisture/Precipitation/Rain $1,781,357 indemnity · 10 years
- ARPI/SCO/ECO/STAX/MP/HIP-WI/PACE Crops Only $608,296 indemnity · 3 years
Corn
- Drought $11,848,424 indemnity · 9 years
- Excess Moisture/Precipitation/Rain $1,229,066 indemnity · 9 years
- Decline in Price $1,204,755 indemnity · 7 years
- Heat $1,156,566 indemnity · 8 years
- Wind/Excess Wind $994,676 indemnity · 8 years
- Hail $989,835 indemnity · 9 years
Wheat
- Excess Moisture/Precipitation/Rain $1,150,941 indemnity · 5 years
- Drought $198,561 indemnity · 8 years
- Plant Disease $169,015 indemnity · 1 years
- Cold Winter $138,005 indemnity · 4 years
- Mycotoxin $70,612 indemnity · 1 years
- Freeze $68,992 indemnity · 4 years
Pasture,Rangeland,Forage
- ARPI/SCO/STAX Crops Only $695,640 indemnity · 10 years
All county-crop bands in Nebraska →
Source: USDA Risk Management Agency, Cause of Loss Summary of Business. Methodology.