STAX and SCO: Finding Their Place in the Farm Safety Net

Natalie A. Graff, Henry Nelson, Joe L. Outlaw, Bart L. Fischer and Henry L. Bryant

Journal of the ASFMRA, 2023, vol. 2023

Abstract: The Stacked Income Protection Plan (STAX) for upland cotton and the Supplemental Coverage Option (SCO) are area-wide crop insurance tools that serve as complements to individual crop insurance policies. Consideration of STAX and SCO requires producers to make tough decisions regarding other safety net programs: Agriculture Risk Coverage-County (ARC-CO) and Price Loss Coverage (PLC). This article describes STAX and SCO and shows how they work in relation to ARC-CO and PLC, using an example cotton farm in Texas. The example farm models the impact of safety net decisions on 2022 crop year payments and provides insight into producer decisions.

Keywords: Crop; Production/Industries (search for similar items in EconPapers)
Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:ags:jasfmr:342897

DOI: 10.22004/ag.econ.342897

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