What is STAX in crop insurance?
The Stacked Income Protection Plan (STAX) is a crop insurance product for upland cotton that provides coverage for a portion of the expected revenue for your area. Loss payments begin when area revenue falls below 90 percent of its expected level – although a lower loss trigger may be selected.
What is the STAX program?
The Stacked Income Protection Program, or Stax, is designed to provide farmers a layer of coverage between where traditional crop insurance programs stop and 100 percent of risk. Thus, it could be said to be layered or “stacked” on top of traditional crop insurance programs.
How does cotton crop insurance work?
Establishing a Coverage Level Under catastrophic (CAT) insurance coverage, the producer is insured against losses exceeding 50 percent of the APH. So for a cotton farm with an APH of 800 pounds per acre, CAT coverage would pay an indemnity if yields fell below 400 pounds per acre (50% x 800).
Where can I get Stax insurance for upland cotton?
STAX is available in all counties where insurance coverage for upland cotton is offered. It is also offered by practice (irrigated or non-irrigated) where possible. When are the expected yields and premium rates for STAX available?
What does Stax stand for in crop insurance?
The Stacked Income Protection Plan (STAX) is a crop insurance product for upland cotton that provides coverage for a portion of the expected revenue for your area.
What kind of insurance do I need for Stax?
Companion policies may include Yield Protection, Revenue Protection, Revenue Protection with the Harvest Price Exclusion, and any of the Area Risk Protection Insurance policies. Beginning with the 2017 crop year, you may also purchase STAX if your farm is covered under the Whole-Farm Revenue Protection policy.
What is the stacked income protection plan ( Stax )?
What is the Stacked Income Protection Plan? The Stacked Income Protection Plan (STAX) is a crop insurance product for upland cotton that provides coverage for a portion of the expected revenue for your area.
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