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Livestock Indemnity Program Improvement: Market Price Updates for Farmers

This bill aims to ensure that farmers who lose livestock due to natural disasters receive fair compensation. It mandates regular, quarterly updates to indemnity payment rates to better reflect current market prices for livestock. This will help farmers recover more quickly and effectively after losses.
Key points
Livestock indemnity payment rates will be updated every three months to match current market prices.
The changes aim to provide better financial support for farmers affected by livestock losses due to natural disasters.
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Status: Introduced
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Additional Information
Print number: 119_HR_4322
Sponsor: Rep. Feenstra, Randy [R-IA-4]
Process start date: 2025-07-10