Abstract
Most payments on 2014 crop insurance policies have been entered into the Summary of Business, a database administered by the Risk Management Agency (RMA). Given relatively complete payment data, an assessment of 2014 loss performance can be made. Overall, loss performance was near “average” when judged relative to the 10-year average loss ratio. In most counties, payments did not exceed total premium. Notable areas of higher losses occurred in 1) western Oklahoma and northwestern Texas and 2) northern Iowa and Minnesota.
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