STAX Appeal?

Lauriane Yehouenou; Barry J. Barnett; Ardian Harri; Keith H. Coble

doi:10.1093/aepp/ppx060

STAX Appeal?

Lauriane Yehouenou, Barry J. Barnett, Ardian Harri, Keith H. Coble

Agricultural Economics

Research output: Contribution to journal › Article › peer-review

3 Scopus citations

Abstract

The Stacked Income Protection Plan (STAX) county-level insurance product is analyzed for cotton producers in Texas. In contrast to studies based on representative farms, this analysis uses actual farm-level yield data, which allows one to observe the heterogeneity of STAX effectiveness across farms in a county. The findings indicate that, for most farms, STAX is not a very effective alternative to farm-level crop insurance. However, contrary to observed behavior, the findings suggest that many cotton producers in Texas would benefit from using STAX as a complement to their farm-level crop insurance.

Original language	English
Pages (from-to)	563-584
Number of pages	22
Journal	Applied Economic Perspectives and Policy
Volume	40
Issue number	4
DOIs	https://doi.org/10.1093/aepp/ppx060
State	Published - Dec 2018

Bibliographical note

Funding Information:
Yehouenou is a Ph.D. student in the Food and Resource Economics Department, University of Florida. Barry Barnett is a professor and Chair of the Department of Agricultural Economics, University of Kentucky. Ardian Harri and Keith Coble are, respectively, an associate professor, and the W.L. Giles Distinguished Professor and Head, Department of Agricultural Economics, Mississippi State University. This research was conducted while Yehouenou and Barnett were in the Department of Agricultural Economics at Mississippi State University. This research was supported by the Mississippi Agricultural Experiment Station. The authors also acknowledge support from the National Institute of Food and Agriculture, USDA, under Hatch project 603160. The views expressed here are not necessarily those of the USDA. Editor in charge of review: Chris McIntosh

Publisher Copyright:
© The Author(s) 2018. Published by Oxford University Press on behalf of the Agricultural and Applied Economics Association. All rights reserved.

Keywords

Cotton
Crop insurance
Revenue Protection
Stacked Income Protection Plan

ASJC Scopus subject areas

Development
Economics and Econometrics

Access to Document

10.1093/aepp/ppx060

Cite this

@article{dcc8f4880c464969a95875fac2029743,

title = "STAX Appeal?",

abstract = "The Stacked Income Protection Plan (STAX) county-level insurance product is analyzed for cotton producers in Texas. In contrast to studies based on representative farms, this analysis uses actual farm-level yield data, which allows one to observe the heterogeneity of STAX effectiveness across farms in a county. The findings indicate that, for most farms, STAX is not a very effective alternative to farm-level crop insurance. However, contrary to observed behavior, the findings suggest that many cotton producers in Texas would benefit from using STAX as a complement to their farm-level crop insurance.",

keywords = "Cotton, Crop insurance, Revenue Protection, Stacked Income Protection Plan",

author = "Lauriane Yehouenou and Barnett, {Barry J.} and Ardian Harri and Coble, {Keith H.}",

note = "Funding Information: Yehouenou is a Ph.D. student in the Food and Resource Economics Department, University of Florida. Barry Barnett is a professor and Chair of the Department of Agricultural Economics, University of Kentucky. Ardian Harri and Keith Coble are, respectively, an associate professor, and the W.L. Giles Distinguished Professor and Head, Department of Agricultural Economics, Mississippi State University. This research was conducted while Yehouenou and Barnett were in the Department of Agricultural Economics at Mississippi State University. This research was supported by the Mississippi Agricultural Experiment Station. The authors also acknowledge support from the National Institute of Food and Agriculture, USDA, under Hatch project 603160. The views expressed here are not necessarily those of the USDA. Editor in charge of review: Chris McIntosh Publisher Copyright: {\textcopyright} The Author(s) 2018. Published by Oxford University Press on behalf of the Agricultural and Applied Economics Association. All rights reserved.",

year = "2018",

month = dec,

doi = "10.1093/aepp/ppx060",

language = "English",

volume = "40",