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Increased Compensation for Farmers for Unborn Livestock Losses.

This bill establishes additional payments for eligible farmers who suffer losses of unborn livestock (fetuses) due to specified conditions, effective from January 1, 2024. The goal is to enhance financial support for agricultural producers, helping them recover losses exceeding normal mortality rates. The additional payment rate will be determined by the Secretary of Agriculture, capped at 85% of the payment rate for the lowest weight class of the livestock.
Key points
New Financial Support: Farmers can receive extra compensation for unborn livestock death losses incurred on or after January 1, 2024.
Payment Rate: The additional payment rate will be set by the Secretary, but it cannot exceed 85% of the rate established for the lowest weight class of the livestock species.
Scope: This enhancement applies to losses of gestating livestock due to conditions already covered by the existing Livestock Indemnity Program (LIP).
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Additional Information
Print number: 118_HR_8229
Sponsor: Rep. Jackson, Ronny [R-TX-13]
Process start date: 2024-05-02