Legislation Sets Fairer Prices for Livestock Assistance

Dan Agri-Business, Cattle, Economy, USDA-FSA

Legislation has been introduced in the U.S. Senate that would offer producers fairer market prices for livestock disaster assistance programs. The Livestock Indemnity Program (LIP) Improvement Act would require the Farm Service Agency (FSA) to make quarterly updates to the Livestock Indemnity Program payment rates that reflect livestock market prices. The LIP provides payments to eligible livestock owners and contract …