Bill > HR8431

This bill, the Livestock Indemnity Program Improvement Act of 2024, amends the Agricultural Act of 2014 to require the Secretary of Agriculture to determine the market value used to calculate Livestock Indemnity Program payments on a quarterly basis, in coordination with the Administrator of the Agricultural Marketing Service and using other appropriate resources. The bill aims to ensure that the payment rates under the Livestock Indemnity Program, which provides financial assistance to livestock producers who have suffered livestock losses due to natural disasters or other covered events, are regularly updated to reflect current market prices.