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Livestock Indemnity Program Improvement Act of 2025
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.
Read the Full Bill
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
1Democrat Sponsors
0Republican Sponsors
1Unaffiliated Sponsors
0Total Number of Cosponsors
1Democrat Cosponsors
1Republican Cosponsors
0Unaffiliated Cosponsors
0Policy Area and Potential Impact of Bill S 1493
Primary Policy Focus
Agriculture and FoodAlternate 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.
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.
Comments
Sponsors and Cosponsors of S 1493
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