Livestock Indemnity Program Improvement Act of 2025

Hozzl · 2025-05-07T13:38:49Z

Explore the details of Senate Bill 1493 Livestock Indemnity Program Improvement Act of 2025 currently in Congress. Get insights into its purpose, current status, sponsors, and potential impact on Agriculture and Food. Stay informed on legislative developments.

5/7/2025, 1:38 PM

Summary of Bill S 1493

The Livestock Indemnity Program Improvement Act of 2025, introduced in the 119th Congress, aims to enhance the Livestock Indemnity Program. The bill, numbered S.1493 and introduced on April 10, 2025, proposes improvements to the existing program designed to provide indemnity payments to livestock producers for livestock losses due to eligible events. Specific directives or actions outlined in the bill's text include potential changes to eligibility criteria, payment structures, and program administration to better support livestock producers facing losses. Further details and provisions can be found in the official PDF version of the bill available at the provided link.

Congressional Summary of S 1493

Livestock Indemnity Program Improvement Act of 2025

This bill requires the Farm Service Agency (FSA) to update the market value for livestock on a quarterly basis for the purposes of determining Livestock Indemnity Program (LIP) payment rates. The FSA must determine the market value in coordination with the Agricultural Marketing Service and use other appropriate resources.

As background, LIP is an FSA program that provides indemnity payments to eligible livestock owners and contract growers for livestock deaths in excess of normal mortality or reduced sales prices due to specified events (e.g., adverse weather, disease, or animal attack). In general, the rate of payment is 75% of the market value of the affected livestock.

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Current Status of Bill S 1493

Bill S 1493 is currently in the status of Bill Introduced since April 10, 2025. Bill S 1493 was introduced during Congress 119 and was introduced to the Senate on April 10, 2025. Bill S 1493's most recent activity was Read twice and referred to the Committee on Agriculture, Nutrition, and Forestry. as of April 10, 2025

Bipartisan Support of Bill S 1493

Total Number of Sponsors

Democrat Sponsors

Republican Sponsors

Unaffiliated Sponsors

Total Number of Cosponsors

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Unaffiliated Cosponsors

Policy Area and Potential Impact of Bill S 1493

Primary Policy Focus

Agriculture and Food

Alternate Title(s) of Bill S 1493

A bill to require the Secretary of Agriculture to provide regular updates to Livestock Indemnity Program payment rates to reflect market prices, and for other purposes.