Stacked Income Protection Plan (STAX)
STAX is available for upland cotton only in counties where actuarial documents have been released. If there are no actuarial documents, STAX is not available. It cannot be added by Written Agreement.
There are two STAX policies available – STAX RP and STAX RP-HPE and they can be purchased as a “stand alone” policy or may be purchased in conjunction with:
Common Crop Insurance Policy (YP, RP or RP-HPE) policy; or
Area Revenue Protection Insurance (AYP, ARP, or ARP-HPE) policy.
If purchased in conjunction with another MPCI policy, the STAX & companion policies must be with the same Approved Insurance Provider (AIP).
STAX is based entirely on the area (typically county) performance and an indemnity is only paid if the Final Area Revenue is less than the Area Loss Trigger. If the Final Area Revenue is above the selected trigger, no indemnity is due, regardless of the individual’s yields.