USDA announced Tuesday that the Stacked Income Protection Plan, or STAX, will be available for upland cotton farmers from crop insurers for the 2015 crop year.
Last week, USDA also announced that sign up for the cotton transition Direct Payments would begin this week. The program will pay farmers 9 cents a pound on 60% of base acres.
With STAX rolling out for 2015, the transitional Direct Payments would end after this year in counties where STAX is offered. A provision in the farm bill allows 36.5% transitional payments in 2015 for cotton producers in counties where STAX is not offered.