Use of the SCO and STAX Insurance Programs in 201507/01/2016
The 2014 Farm Bill introduced two new crop insurance programs – the Supplemental Coverage Option (SCO) and the Stacked Income Protection Plan (STAX) for upland cotton. Both were designed to provide farmers with additional or supplemental protection beyond what was currently offered by existing crop insurance programs.
Today’s article summarizes actual use of both programs for the initial year of availability in 2015 using data from the Risk Management Agency’s (RMA) Summary of Business files. Usage data reflects the design and eligibility rules associated with the SCO and STAX programs.