Bill > HR4322

This bill, known as the Livestock Indemnity Program Improvement Act of 2025, proposes to modify how the U.S. Department of Agriculture calculates payments under the Livestock Indemnity Program (LIP). Specifically, the bill requires the Secretary of Agriculture to determine the market value of livestock for compensation purposes through a more dynamic and frequent process. The changes mandate that market value will be determined quarterly, in coordination with the Agricultural Marketing Service (AMS) and using other appropriate resources as determined by the Secretary. This update aims to ensure that farmers receive more accurate and timely compensation when they lose livestock due to specific qualifying conditions, by tying the payment rates more closely to current market prices. The bill amends a section of the Agricultural Act of 2014 by restructuring and expanding the language around how market value for livestock indemnity payments should be calculated and updated.

Agriculture and Natural Resources

https://www.congress.gov/bill/119th-congress/house-bill/4322/all-info