Stacked Income Protection Plan
The Stacked Income Protection Plan (STAX) is a product for upland cotton introduced in the 2014 Farm Bill, which went 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 policyholder. The indemnity amount will be up to 20% of the expected county income; additional coverage will be needed in cases of deeper loss.
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AgriSompo North America is one of the nation’s largest underwriters of federally-sponsored crop insurance. We’re dedicated to protecting the livelihoods of farmers and ranchers by offering direct and customized agribusiness risk management products through a nation-wide network of exceptional independent crop insurance agents.
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