Livestock Indemnity Program Improvement Act of 2025

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.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

1. 10 April 2025

   Introduced

   Read twice and referred to the Committee on Agriculture, Nutrition, and Forestry.

   Source: IntroReferral

2. 10 April 2025

   Introduced

   Introduced in Senate

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

No version snapshots stored. Document URLs remain at the source.

Documents

2 official files

• Introduced in Senate

  Introduced in Senate · EN · 10 April 2025

  ViewDownloadOpen at official source

• Introduced in Senate

  summary · EN · 10 April 2025

  Open at official source

Sponsors

• Mike Rounds · R · Sponsor
• Sen. Bennet, Michael F. [D-CO] · D · Sponsor
• · ssaf00 · Standing

Related records

• related to ← Livestock Indemnity Program Improvement Act of 2025