New Farm Law Fundamentals
The new farm bill repeals the direct and counter-cyclical programs and authorizes a new revenue insurance product that can be purchased in addition to a producer’s existing coverage. However, enactment of the new law came too late for USDA and the private sector to offer the Stacked Income Protection Plan (STAX) until 2015. Then, it will be available for purchase on all acres planted to upland cotton. As with existing insurance products, STAX Read More »