STACKING INCOME PROTECTION PLAN STAX - 35/36
The Stacked Income Protection Plan (STAX) is a new product for upland cotton introduced in the 2014 Farm Bill, which will go into effect beginning in 2015. STAX provides protection against natural causes of loss that cause county revenue to fall below a county loss trigger. STAX indemnities are not based on individual experience. Indemnity is triggered if the actual county income falls below the area loss trigger selected by the policy holder. The indemnity amount will be up to 20% of the expected county income; additional coverage will be needed in cases of deeper loss. SEE OUR OTHER PLANS HERE.