Livestock Indemnity Program Improvement Act of 2025
119-HR-4322119th CongressIntroduced Jul 10, 2025Agriculture and Food
Market Probability
No market
Status
Introduced
Committee
Floor Vote
Other Chamber
Signed
Referred to the House Committee on Agriculture.
Sponsor
Rep. Feenstra, Randy [R-IA-4](R-IA-4)1 cosponsor
Summary
Livestock Indemnity Program Improvement Act of 2025
This bill requires the Farm Service Agency (FSA) to update the market value for livestock on a quarterly basis for the purposes of determining Livestock Indemnity Program (LIP) payment rates. The FSA must determine the market value in coordination with the Agricultural Marketing Service and use other appropriate resources.
As background, LIP is an FSA program that provides indemnity payments to eligible livestock owners and contract growers for livestock deaths in excess of normal mortality or reduced sales prices due to specified events (e.g., adverse weather, disease, or animal attack). In general, the rate of payment is 75% of the market value of the affected livestock.
Actions (3)
Referred to the House Committee on Agriculture.
Jul 10, 2025House floor actions
Introduced in House
Jul 10, 2025Library of Congress
Introduced in House
Jul 10, 2025Library of Congress