The USDA’s Farm Service Agency (FSA) has announced it is updating the Livestock Indemnity Program (LIP) payment rate to support Midwest livestock producers who have lost cattle to the extreme heat and humidity experienced this summer. To help indemnify ranchers to reflect a trend towards higher cattle weights in feedlots, the 2023 LIP payment rate for beef calves over 800 pounds will increase from $1,244 per head to $1618, an increase of $374.
FSA Administrator Zach Ducheneaux says the recent heat domes plaguing many parts of the country “have proven to be unsurvivable for some…
