Livestock Indemnity Program Improvement Act of 2025
Introduced Apr 10, 2025 by Sen. Mike Rounds
It's waiting on a committee vote to reach the full chamber. Most bills never leave this stage.
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.
Summary by the Congressional Research Service.
No floor votes yet — it hasn't reached the floor of either chamber.