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When provided in the actuarial documents, the Hurricane Insurance Protection - Wind Index (HIP-WI) Endorsement is available for both Catastrophic (CAT) and additional coverage for Common Crop Insurance Policy Basic Provisions policies in counties near the Gulf of Mexico, Atlantic Ocean, and Hawaii.
The following changes are applicable for the 2023 and succeeding crop years:
The Agricultural Act of 2014 (Farm Bill) instructed the Risk Management Agency (RMA) to offer the Stacked Income Protection Plan of Insurance (STAX) to upland cotton producers, which became effective for the 2015 insurance year and was available in all counties where insurance for upland cotton was available.
In order to provide clarity for determining insurable acres, RMA is making the following modification to the STAX program:
In accordance with Section 15 of the ARPI Crop Provisions, Section 10 of the SCO Endorsement, and Section 9 of the STAX Cotton Crop Provisions, approved final county yields, final county revenues, and payment factors for the 2020 crop year will be available by close of business today in the following formats:
The Agriculture Risk Protection (ARC) and Price Loss Coverage (PLC) programs administered by the Farm Service Agency (FSA) allow for annual enrollment. In accordance with the Federal Crop Insurance Act (Act), acreage with seed cotton base enrolled in ARC or PLC cannot be covered under STAX. Accordingly, the STAX policy states acres are uninsurable if they “have been enrolled” in ARC or PLC.
The Risk Management Agency (RMA) has received several questions about the Wildfire Hurricane Indemnity Program (WHIP) and Wildfire Hurricane Indemnity Program+ (WHIP+) administered by USDA’s Farm Service Agency (FSA). Specifically, RMA has been asked if Hurricane Insurance Protection-Wind Index (HIP-WI), Supplemental Coverage Option (SCO), Enhanced Coverage Option (ECO), Stacked Income Protection Plan (STAX), and Margin Protection Plan (MP) can be used to meet linkage requirements under WHIP and WHIP+.
In accordance with Section 10 of the SCO Endorsement and Section 9 of the STAX Cotton Crop Provisions, approved final area yields and final area revenues for 2019 crop year Cotton, Cotton Ex Long Staple, Safflower and California Tomatoes will be available by close of business today in the following formats:
