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Crop-loss band · Nebraska
Richardson County, Nebraska — crop-loss band
- 0.93Low end of the band
- 1.91Middle of the band
- 3.65High end of the band
- 2015Worst year (3.88)
- 10Years filed
What stands out
- Between its 2023 and 2024 filings its loss ratio rose from 0.93 to 1.91 and its premium rose from $566,939 to $1,394,059.
- Its middle loss ratio of 1.91 ranks 68th highest of the 88 counties in Nebraska with a filed crop-loss record.
- It insures 3 commodities, against a range of 2 to 10 across Nebraska’s 88 county records.
- Across its 10 filed years it paid $23,359,330 of indemnity on $10,199,711 of premium, a loss ratio of 2.29.
- It ran a loss ratio above 1.0 in 9 of its 10 filed years; its lowest was 0.93 in 2023 and its highest 3.88 in 2015.
Every line is computed by formula from this county’s own filed figures; nothing is estimated.
Richardson County by filed year
| Year | Premium | Indemnity | Liability | Policies | Policies with a loss | Loss ratio |
|---|---|---|---|---|---|---|
| 2015 | $987,474 | $3,834,570 | $10,647,718 | 469 | 469 | 3.88 |
| 2016 | $411,692 | $454,171 | $3,553,644 | 133 | 133 | 1.10 |
| 2017 | $1,404,708 | $2,010,551 | $14,692,279 | 355 | 355 | 1.43 |
| 2018 | $1,795,149 | $4,083,968 | $22,260,576 | 582 | 582 | 2.28 |
| 2019 | $1,354,913 | $4,944,537 | $13,055,464 | 403 | 403 | 3.65 |
| 2020 | $212,236 | $486,129 | $2,470,930 | 110 | 110 | 2.29 |
| 2021 | $263,284 | $441,643 | $3,248,172 | 104 | 104 | 1.68 |
| 2022 | $1,809,257 | $3,920,834 | $21,584,989 | 370 | 370 | 2.17 |
| 2023 | $566,939 | $527,296 | $6,526,252 | 133 | 133 | 0.93 |
| 2024 | $1,394,059 | $2,655,631 | $16,929,466 | 415 | 415 | 1.91 |
3 commodities insured in Richardson County
| Commodity | Years | Low | Middle | High | Worst year | Whole span |
|---|---|---|---|---|---|---|
| Corn | 10 | 0.82 | 1.45 | 3.34 | 2015 (4.07) | 2.17 |
| Soybeans | 10 | 1.40 | 1.99 | 3.83 | 2019 (5.11) | 2.46 |
| Pasture,Rangeland,Forage | 9 | 1.28 | 1.70 | 3.08 | 2017 (3.08) | 1.75 |
| Commodity | Premium | Indemnity | Liability | Planted | Lost | Policies | With a loss |
|---|---|---|---|---|---|---|---|
| Corn | $5,340,531 | $11,604,698 | $52,480,641 | 100,508 | 95,820 | 1,243 | 1,243 |
| Soybeans | $4,564,337 | $11,239,358 | $60,838,264 | 138,780 | 134,714 | 1,571 | 1,571 |
| Pasture,Rangeland,Forage | $294,844 | $515,274 | $1,650,585 | 20,929 | 0 | 260 | 260 |
Causes that carried Richardson County’s indemnity
Corn
- Excess Moisture/Precipitation/Rain $4,700,910 indemnity · 10 years
- Drought $3,995,743 indemnity · 10 years
- Flood $1,109,189 indemnity · 8 years
- Decline in Price $715,331 indemnity · 7 years
- Wind/Excess Wind $410,373 indemnity · 8 years
- ARPI/SCO/ECO/STAX/MP/HIP-WI/PACE Crops Only $146,149 indemnity · 2 years
Soybeans
- Drought $5,043,547 indemnity · 9 years
- Excess Moisture/Precipitation/Rain $3,218,354 indemnity · 10 years
- Decline in Price $1,305,587 indemnity · 8 years
- Flood $724,719 indemnity · 8 years
- Hail $294,734 indemnity · 7 years
- ARPI/SCO/ECO/STAX/MP/HIP-WI/PACE Crops Only $260,608 indemnity · 2 years
Pasture,Rangeland,Forage
- ARPI/SCO/STAX/MP Crops Only $515,274 indemnity · 9 years
All county-crop bands in Nebraska →
Source: USDA Risk Management Agency, Cause of Loss Summary of Business. Methodology.