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Crop-loss band · Ohio
Franklin County, Ohio — crop-loss band
- 0.87Low end of the band
- 1.50Middle of the band
- 2.93High end of the band
- 2019Worst year (3.04)
- 10Years filed
Franklin County by filed year
| Year | Premium | Indemnity | Liability | Policies | Policies with a loss | Loss ratio |
|---|---|---|---|---|---|---|
| 2015 | $244,460 | $467,324 | $2,772,719 | 74 | 74 | 1.91 |
| 2016 | $88,014 | $130,011 | $952,372 | 29 | 29 | 1.48 |
| 2017 | $467,684 | $455,968 | $5,678,569 | 111 | 111 | 0.97 |
| 2018 | $290,261 | $678,796 | $3,384,551 | 134 | 134 | 2.34 |
| 2019 | $294,762 | $896,713 | $3,354,797 | 142 | 142 | 3.04 |
| 2020 | $167,488 | $251,198 | $2,225,844 | 62 | 62 | 1.50 |
| 2021 | $129,939 | $112,732 | $1,588,821 | 39 | 39 | 0.87 |
| 2022 | $873,623 | $2,045,078 | $8,318,018 | 150 | 150 | 2.34 |
| 2023 | $269,121 | $395,581 | $2,764,442 | 49 | 49 | 1.47 |
| 2024 | $839,320 | $2,457,541 | $10,475,482 | 227 | 227 | 2.93 |
2 commodities insured in Franklin County
| Commodity | Years | Low | Middle | High | Worst year | Whole span |
|---|---|---|---|---|---|---|
| Soybeans | 10 | 0.51 | 1.41 | 2.60 | 2024 (3.35) | 2.19 |
| Corn | 10 | 0.49 | 1.60 | 2.98 | 2019 (3.75) | 2.09 |
| Commodity | Premium | Indemnity | Liability | Planted | Lost | Policies | With a loss |
|---|---|---|---|---|---|---|---|
| Soybeans | $2,283,191 | $5,004,478 | $26,513,614 | 58,482 | 51,220 | 666 | 666 |
| Corn | $1,381,481 | $2,886,464 | $15,002,001 | 25,413 | 22,403 | 351 | 351 |
Causes that carried Franklin County’s indemnity
Soybeans
- Drought $2,227,583 indemnity · 8 years
- Excess Moisture/Precipitation/Rain $1,882,279 indemnity · 10 years
- Decline in Price $315,981 indemnity · 7 years
- ARPI/SCO/STAX Crops Only $295,581 indemnity · 4 years
- Frost $145,738 indemnity · 2 years
- Wildlife $39,503 indemnity · 3 years
Corn
- Excess Moisture/Precipitation/Rain $1,285,408 indemnity · 10 years
- Drought $937,125 indemnity · 7 years
- Decline in Price $222,343 indemnity · 7 years
- ARPI/SCO/STAX/MP Crops Only $218,221 indemnity · 4 years
- Hail $177,563 indemnity · 1 years
- Cold Wet Weather $22,059 indemnity · 3 years
All county-crop bands in Ohio →
Source: USDA Risk Management Agency, Cause of Loss Summary of Business. Methodology.