U.S. Senators Mike Rounds, R-S.D., and Amy Klobuchar, D-Minn., have introduced legislation to offer producers fairer market prices for livestock disaster assistance programs. The Livestock Indemnity Program Improvement Act would require the Farm Service Agency (FSA) to make quarterly updates to Livestock Indemnity Program (LIP) payment rates that reflect livestock market prices.
The LIP provides payments to eligible livestock owners and contract growers for abnormal livestock deaths caused by an eligible loss condition, such as severe weather, disease, or animal attack. Currently, the FSA…
