The Stacked Income Protection Plan (STAX) is a federally reinsured insurance policy that provides protection against loss of revenue due to an area level production loss, a price decline or a combination of both. STAX may be purchased as a stand-alone policy or as a companion policy to an individual (YP) or revenue (RP, RP-HPE, ARPI or WFRP) plan of insurance. Producers may choose from a variety of coverage levels and protection factors to personalize their policy. An indemnity is based on the expected crop value for the area. Amount of coverage will depend on the expected yield, projected price, coverage range and protection factor.
STAX with Harvest Price Exclusion
When this option is selected, the minimum crop insurance revenue guarantee will not be recalculated when harvest prices are released.
Coverage
Levels: 70% – 90% (in 5% increments)
Protection Factors: 80% – 120% (in 1%increments)
Premium Subsidy
80% (for all plan types and area loss triggers)
The information contained in this publication is for general purposes only and shall not modify the terms of any insurance policy. Please refer to policy information found in the actuarials for your commodity/plan type.
