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Analysis of the STAX and SCO Programs for Cotton Producers

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  • Campiche, Jody L.

Abstract

Both the House and Senate farm bills include changes to Title I commodity programs and crop insurance programs, including a new shallow loss revenue protection program, a price protection program, and two supplemental crop insurance programs. A key change in the new farm bill is that the Title I shallow loss revenue protection and price protection programs would not be available to cotton producers. Instead, cotton producers would have the option to enroll in either the Supplemental Coverage Option (SCO) or the Stacked Income Protection Plan (STAX). Both products are similar to the Group Risk Income Protection (GRIP) crop insurance policy and would cover county-wide losses. The products are designed to complement a producers’ individual insurance policy. Understanding the differences in payments from Title I programs as compared to potential payments from the STAX or SCO programs will be important for cotton producers. For this study, average direct payments and counter-cyclical payments over the 2002–2011 time period were compared to potential STAX and SCO payments for several Oklahoma and Texas counties.

Suggested Citation

  • Campiche, Jody L., 2013. "Analysis of the STAX and SCO Programs for Cotton Producers," 2013 AAEA: Crop Insurance and the Farm Bill Symposium 156826, Agricultural and Applied Economics Association.
    • Handle: RePEc:ags:aaeaci:156826
    DOI: 10.22004/ag.econ.156826
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    File URL: https://ageconsearch.umn.edu/record/156826/files/Campiche_Sept13final.pdf
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    File URL: https://libkey.io/10.22004/ag.econ.156826?utm_source=ideas
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    References listed on IDEAS

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    1. Campiche, Jody, 2013. "Details of the Proposed Stacked Income Protection Plan (STAX) Program for Cotton Producers and Potential Strategies for Extension Education," Journal of Agricultural and Applied Economics, Cambridge University Press, vol. 45(3), pages 569-575, August.
    2. Paulson, Nick, 2012. "Comparing Revenue Protection Offered by ARC and SCO," farmdoc daily, University of Illinois at Urbana-Champaign, Department of Agricultural and Consumer Economics, vol. 2, June.
    3. Campiche, Jody L., 2013. "Details of the Proposed Stacked Income Protection Plan (STAX) Program for Cotton Producers and Potential Strategies for Extension Education," Journal of Agricultural and Applied Economics, Southern Agricultural Economics Association, vol. 45, pages 1-7, August.
    4. Paulson, Nick, 2012. "Understanding the Supplemental Coverage Option," farmdoc daily, University of Illinois at Urbana-Champaign, Department of Agricultural and Consumer Economics, vol. 2, June.
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    Cited by:

    1. Devadoss, Stephen & Luckstead, Jeff, 2018. "Production and Moral Hazard Effects of 2014 Cotton Farm Bill Policies," 2018 Annual Meeting, February 2-6, 2018, Jacksonville, Florida 266763, Southern Agricultural Economics Association.
    2. Boyer, Christopher N. & Jensen, Kimberly L. & McLeod, Elizabeth & Larson, James A., 2016. "Upland Cotton Producers’ Willingness to participate in a BMP/STAX Pilot Program," 2016 Annual Meeting, July 31-August 2, Boston, Massachusetts 234975, Agricultural and Applied Economics Association.

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    Keywords

    Agricultural and Food Policy; Farm Management;

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