Stacked Income Protection Program

Background

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:

Background

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.

Background

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+.

As of

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:

Background

The Risk Management Agency (RMA) issued bulletin MGR-20-006 on March 27, 2020, due to “stay at home” orders issued in response to the COVID-19 pandemic. MGR-20-006 authorized Approved Insurance Providers (AIPs) to accept production reports through the earlier of the acreage reporting date (ARD) or 30 calendar days after the applicable production reporting date (PRD) for 2019 and 2020 crop year policies insured under the Common Crop Insurance Policy, Basic Provisions (BP) with a PRD of March 15, 2020, or later.

Background

On November 15, 2019, the Federal Crop Insurance Corporation Board of Directors approved the Hurricane Insurance Protection – Wind Index (HIP-WI) Endorsement. It is available for the 2020 crop year for both Catastrophic (CAT) and additional coverage for Common Crop Insurance Policy Basic Provisions policies, when provided in the actuarial documents, in counties located in the vicinity of the Gulf of Mexico and the Atlantic Ocean, as well as Hawaii.

Background

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 enrolled in ARC or PLC cannot be covered under STAX and acreage with ARC elected cannot be covered under the Supplemental Coverage Option (SCO). In June of 2019 the Federal Crop Insurance Corporation (FCIC) released a revised SCO policy for the 2020 crop year containing provisions relating to acreage reporting when producers are participating in ARC or PLC.